The International Sustainability Standards Board (ISSB) is seeking public input to enhance the international applicability of the Sustainability Accounting Standards Board (SASB) standards. The ISSB is a newly formed organization that aims to develop a comprehensive set of sustainability reporting standards that can be used globally. The SASB standards are currently used by companies in the United States to report on their sustainability performance.
The SASB standards were developed to provide a framework for companies to report on their sustainability performance in a standardized and comparable way. The standards cover a range of sustainability issues, including environmental, social, and governance (ESG) factors. The SASB standards are widely recognized in the United States and have been adopted by many companies as a way to report on their sustainability performance.
However, the SASB standards are not widely used outside of the United States. This is because the standards were developed with a focus on the specific sustainability issues that are relevant to companies in the United States. The ISSB recognizes that there is a need for sustainability reporting standards that are applicable globally and is seeking public input to enhance the international applicability of the SASB standards.
The ISSB is inviting stakeholders from around the world to provide feedback on the SASB standards. The feedback will be used to identify areas where the SASB standards can be improved to make them more relevant and applicable to companies outside of the United States. The ISSB is also seeking input on how the SASB standards can be integrated with other sustainability reporting frameworks, such as the Global Reporting Initiative (GRI) and the Task Force on Climate-related Financial Disclosures (TCFD).
The ISSB believes that developing a comprehensive set of sustainability reporting standards that can be used globally is essential for promoting sustainable business practices and achieving global sustainability goals. The ISSB recognizes that sustainability reporting is an important tool for companies to communicate their sustainability performance to stakeholders and investors. By developing globally applicable sustainability reporting standards, the ISSB aims to promote transparency and accountability in sustainability reporting and encourage companies to adopt sustainable business practices.
In conclusion, the ISSB is seeking public input to enhance the international applicability of the SASB standards. The ISSB recognizes that there is a need for sustainability reporting standards that are applicable globally and is inviting stakeholders from around the world to provide feedback on the SASB standards. The ISSB believes that developing a comprehensive set of sustainability reporting standards that can be used globally is essential for promoting sustainable business practices and achieving global sustainability goals.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: Plato Data Intelligence: PlatoData