G7 welcomes ISSB’s work to deliver global baseline of sustainability disclosures

The G7 Finance Ministers and Central Bank Governors have issued a Communique that refers to the inauguration of the ISSB and its work on the global baseline of sustainability reporting standards.

The Communique welcomes the ISSB ‘path to global baseline’ statement of 18 May 2022 and calls on all relevant stakeholders to participate in the ongoing consultation on the proposed standards. It suggests that the baseline should be practical, flexible and proportionate and ultimately suitable for small- and medium-size enterprises and enable jurisdictions to implement the baseline.

The Communique may be accessed here.