An update on the ISSB at COP26
On 3 November 2021 at COP26, the UN global summit to address climate change, the IFRS
Foundation Trustee Chair Erkki Liikanen announced the formation of the International Sustainability Standards Board
(ISSB).
The ISSB will develop a comprehensive global baseline of high-quality sustainability
disclosure standards to meet investors’ information needs and will see the consolidation
of the Climate Disclosure Standards Board (CDSB—an initiative of CDP) and the Value
Reporting Foundation (VRF—which houses the Integrated Reporting Framework and the SASB
Standards) into the Foundation.
A live panel discussion from COP26 on this topic, moderated by Clara Barby, CEO of the
Impact Management Project was held. Liikanen was joined on the panel by Richard Samans,
CDSB Chair, and Richard Sexton, Co-Chair of the Value Reporting Foundation Board.
Access the webcast here.