Legal & Regulatory News

ISSB announces the go-live date for its first two sustainability reporting standards

On 17 February 2023, at a meeting in Montreal, the International Sustainability Standards Board (ISSB) agreed that its initial IFRS Sustainability Disclosure Standards, S1 and S2, will become effective starting January 2024. Given that sustainability disclosure is new for many companies globally, the ISSB will introduce programmes that support those applying its Standards as market infrastructure and capacity is built.

ISSB members also voted to reference European Sustainability Reporting Standards within an appendix to S1  – the ISSB’s general requirements standard – as a source of guidance companies may consider, in the absence of a specific ISSB standard, to identify metrics and disclosures if they meet the information needs of investors. 

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