G20 leaders express support for upcoming ISSB standards

The G20 leaders met in Bali, Indonesia on 15-16 November 2022. They have issued the final declaration following their meeting.

In the declaration, the G20 leaders express a need for globally consistent data in order to effectively address climate-related financial risks. In support of the standards being developed by the ISSB, the declaration states:

‘‘We look forward to the finalization of standards by the International Sustainability Standards Board (ISSB) in support of globally consistent, comparable and reliable climate-related financial disclosures, and its work beyond climate, and we welcome the efforts to achieve interoperability across disclosure frameworks.’’

The declaration may be accessed here.