Requirements

The Requirements decision area considers ‘what’ sustainability-related disclosures are required from entities, focusing on specifying the content, and considering the implications of any additional jurisdiction-specific requirements, and the location and timing of reporting.

The feature of ‘degree of alignment’ addresses the extent to which ISSB Standards will be adopted in full, or requirements will be designed to deliver functionally aligned outcomes. If ISSB Standards are not fully transposed, the feature addresses the degree of alignment of local requirements with ISSB Standards.

The feature of ‘jurisdictional modifications’ addresses the extent and nature of any jurisdictional modifications, where these are defined as changes to or exemption from requirements in ISSB Standards other than transition adoption reliefs.

The feature of ‘additional disclosure requirements’ addresses whether any additional sustainability-related disclosure requirements beyond those in the ISSB Standards are introduced in a way that maintains the separate identifiability of investor-focussed information required by ISSB Standards.

The feature of ‘dual reporting’ addresses whether there are any requirements for dual reporting where some jurisdictions might require or permit publicly accountable entities to assert compliance with local sustainability-related disclosure requirements (or standards) as well as asserting compliance with ISSB Standards.

The feature of ‘placement of disclosures’ addresses whether disclosures are required to be included in general purpose financial reports and disclosed at the same time as the related financial statements.