Following the publication of the International Sustainability Standards Board’s (ISSB) inaugural Standards – IFRS S1 and IFRS S2 – the IFRS Foundation and the International Organization for Standardization (ISO) have confirmed their shared commitment to cooperate to support efficient and resilient global economies. Both organisations recognise that working together in areas of common interest is in the public interest.
ISO 14000 Environmental management and greenhouse gas emission standards can help companies that have sustainability and climate commitments implement them, and support disclosures in line with IFRS S2.
Companies that have implemented such robust management system standards will be well placed to communicate with investors using the ISSB Standards.
As ISO Standards support consistent approaches internationally in the internal management of sustainability-related matters, ISO supports the work of the ISSB to establish a truly global baseline of sustainability-related financial disclosures.
Furthermore, ISO and the IFRS Foundation are committed to advancing capacity building initiatives that focus on supporting organisations to build internal expertise and understanding that advance practices and reporting.
IFRS and ISO will be speaking at a COP28 session as part of the official UNFCCC programme.
Sunday 3 December - Dec 3rd 13:15-14:45 GST - SE Room 8
‘Credible and accountable climate commitments: we can’t do it alone’
This session addresses the proliferation of criteria and benchmarks to verify climate action. It will explore how to achieve greater coherence between disclosure, action and verification standards.
- Achim Steiner, Administrator, UNDP
- Ulrika Francke, President, ISO
- Lee White, Managing Director, IFRS
- Fiona Watson, Senior Director of Redefining Value, WBCSD
- Sarah Mukherjee, CEO, IEMA
- Scott Steedman, Director of Standards, BSI
IFRS Foundation media contacts
About the IFRS Foundation
The IFRS Foundation is a not-for-profit organisation created to serve the public interest by developing globally accepted accounting and sustainability disclosure standards for general purpose financial reporting that meet the needs of investors and other capital market participants for reliable, transparent and comparable information to make economic decisions.
Our standards are developed by the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB). The boards are overseen by the IFRS Foundation Trustees, who in turn are accountable to the IFRS Foundation Monitoring Board of public authorities with responsibility for corporate reporting. IFRS Accounting Standards, set by the IASB, are required in more than 140 jurisdictions.
For detailed information about our organisation, visit www.ifrs.org.
ISO is an international organization with a membership of 169 national standards bodies. Through its global network, it facilitates the development of voluntary and market-relevant International Standards that support innovation, sustainability, and global trade.
For detailed information about our organisation, visit www.iso.org.