Engaging the International Sustainability Standards Board (ISSB)

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 ISSB also published:
• A high-level summary of the requirements
• A document comparing the TCFD’s recommendations to the Exposure Draft on climate-related disclosures
• A document comparing the exposure drafts with the Technical Readiness Working Group (TRWG) Climate and General Requirements prototypes published in November 2021
• Illustrative guidance documents on the climate and general requirements exposure drafts

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:

• PRI consultation responses on ISSB exposure drafts, reflecting signatories’ views and the PRI’s own research
• A joint PRI-ISSB webinar to explain the exposure drafts and their implications for responsible investors
• Technical discussions as part of PRI’s Corporate Reporting Reference Group – if you are interested in joining this group, please visit our call for applications page for details on the application process
• A signatory briefing note summarising the ISSB’s proposed requirements

For any queries about our work and engagement in this area, please contact dmd@unpri.org.