ISSB launches global sustainability and climate-related disclosure standards

On June 26, 2023, the International Sustainability Standards Board (ISSB) launched its inaugural standards: IFRS S1 and IFRS S2. These standards are created to ensure that consumers of corporate reporting have sufficient and comparable information (including non-financial information) to make informed investment and financing decisions. The standards envision that sustainability-related information and other financial information will be presented at the same time and in the same ‘reporting package’.