In November 2021 the IFRS Foundation Trustees announced the creation of the ISSB at COP26 in Glasgow. The Board aims to deliver a global baseline of sustainability-related financial disclosure standards to provide global financial markets with information on companies’ sustainability risks and opportunities, building on established sustainability reporting initiatives.

From March until July 2022, the ISSB consulted on exposure draft climate and general sustainability reporting standards. Once finalised, these will constitute IFRS Sustainability Disclosure Standards.

The PRI has provided views and recommendations on international sustainability reporting standard setting through consultation responses and public statements, and has issued a draft position paper on the TRWG Prototypes.

Under PRI’s Driving Meaningful Data program, we are working with our signatories to engage on ISSB standard-setting. So far this has included:

For any queries about our work and engagement in this area, please contact