The Inaugural Jurisdictional Guide for the adoption or other use of ISSB Standards
In May 2024, the IFRS Foundation published the Inaugural Jurisdictional Guide for the adoption or other use of ISSB Standards (Guide).
The Guide has been developed to promote globally consistent and comparable climate and other sustainability-related disclosures for capital markets by helping a growing number of jurisdictions as they move ahead with their plans to adopt or otherwise use the ISSB Standards.
By setting the basis for the development of jurisdictional profiles that describe jurisdictional approaches, the Guide aims to provide transparency enabling market participants and regulators’ understanding jurisdictional progress towards delivering globally consistent and comparable sustainability-related information for capital markets.
Background to the Inaugural Jurisdictional Guide for the adoption or other use of ISSB Standards
In July 2023, the International Organization of Securities Commissions (IOSCO) endorsed the inaugural ISSB Standards—IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures.
The IFRS Foundation is committed to supporting regulators around the world in adopting the Standards in a timely and consistent manner. Much of this work has been done in partnership with IOSCO.
The ISSB will continue to monitor and assess the need for additional supporting materials.
Adoption Guide overview
In July 2023, the IFRS Foundation published the Adoption Guide overview (Overview). The Overview outlined the mechanisms that the IFRS Foundation and the International Sustainability Standards Board (ISSB) worked—and are working—on to support regulatory implementation, as well as steps that have already been taken such as building proportionality mechanisms and transition reliefs into the ISSB Standards.
Preview of the Inaugural Jurisdictional Guide for the adoption or other use of ISSB Standards
In February 2024, the IFRS Foundation published the Preview of the Inaugural Jurisdictional Guide for the adoption or other use of ISSB Standards (Preview). The Preview aimed to support transparency for capital markets, regulators and other stakeholders by setting out the features of jurisdictional approaches to adoption and was superseded by the Jurisdictional Guide published in May 2024.
