IOSCO outlines regulatory priorities for sustainability disclosures

At COP27, the International Organization for Securities Commissions (IOSCO) has outlined the actions it undertakes to protect investors by mitigating greenwashing in financial markets, to contribute to sustainability disclosure standards benefitting issuers and investors, and to promote well-functioning carbon markets.

IOSCO has set out its expectations that sustainability disclosures and assurance standards should be ready for use by corporates for their end-2024 accounts. IOSCO has noted that close alignment between the ISSB and those jurisdictions seeking to implement their own sets of standards is essential to ensure capital flows to where it is most needed.

The IOSCO also stressed the importance of well-functioning carbon markets and mitigating greenwashing.

The press release by the IOSCO may be accessed here.