All Things Sustainable (formerly ESG Insider) cover image

All Things Sustainable (formerly ESG Insider)

Talking international sustainability standards with ISSB’s Sue Lloyd

Sep 8, 2023
Guest Sue Lloyd, ISSB Vice Chair, discusses the global landscape for climate disclosure and the first two standards issued by ISSB. Topics include the aim of the board, working with jurisdictions globally, and upcoming plans.
24:53

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The ISSB has issued two new sustainability disclosure standards, S1 and S2, which aim to provide globally consistent climate-related disclosures.
  • The ISSB is seeking feedback on its future work plan and potential new standards, emphasizing stakeholder engagement and input in shaping the quality and effectiveness of the standards.

Deep dives

The new sustainability disclosure standards: S1 and S2

The International Sustainability Standards Board (ISSB) has issued two new sustainability disclosure standards, S1 and S2, which aim to provide globally consistent climate-related disclosures. S1 requires companies to disclose sustainability-related risks and opportunities, while S2 focuses specifically on climate-related information and metrics. S2 builds upon the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and includes information on governance strategy, risk management, and metrics and targets relating to climate-related risks and opportunities. The ISSB emphasizes the importance of industry-specific disclosures, highlighting that investors need to understand how climate risks and opportunities vary across different sectors.

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