ISSB forms working group to enhance compatibility between global baseline and jurisdictional initiatives

The ISSB has announced the formation of a working group represented by jurisdictions to establish dialogue to enhance the compatibility between the ISSB’s exposure drafts and ongoing jurisdictional initiatives.

Several jurisdictions are developing their own sustainability reporting frameworks. The goal of the ISSB is to deliver a ‘global baseline’, which other jurisdictions may build off of.

Members of the working group are the Chinese Ministry of Finance, the European Commission, the European Financial Reporting Advisory Group, the Japanese Financial Services Authority, the Sustainability Standards Board of Japan Preparation Committee, the United Kingdom Financial Conduct Authority and the US Securities and Exchange Commission.

The press release may be accessed here.