ISSB sets global sustainability reporting standards for investors and preparers.

The International Sustainability Standards Board (ISSB) has published its first two finalized standards, S1 General Requirements for Disclosure of Sustainability-related Financial Information and S2 Climate-related Disclosures, which are intended to be the foundation for a comprehensive global baseline of sustainability disclosures specifically focused on the needs of investors and the financial markets. The ISSB standards build on the work of existing sustainability disclosure standards, including the Climate Disclosure Standards Board (CDSB), the Task Force on Climate-related Financial Disclosures (TCFD), and the Sustainability Accounting Standards Board (SASB). The ISSB has also established a memorandum of understanding with the Global Reporting Initiative (GRI) to align their work programs and standard-setting activities.