{"id":17982,"date":"2023-11-23T18:50:04","date_gmt":"2023-11-23T17:50:04","guid":{"rendered":"https:\/\/www.red-on-line.com\/?p=17982"},"modified":"2023-11-23T18:53:11","modified_gmt":"2023-11-23T17:53:11","slug":"fsb-annual-report-showcase-global-progress-in-climate-disclosures","status":"publish","type":"post","link":"https:\/\/www.red-on-line.com\/gb\/blog\/fsb-annual-report-showcase-global-progress-in-climate-disclosures\/","title":{"rendered":"FSB’s Annual Report Showcases Global Progress in Climate Disclosures and Sustainability Reporting"},"content":{"rendered":"
The Financial Stability Board (FSB) has released its annual progress report on climate-related disclosures. The report highlights significant advancements in climate disclosures over the past year, including the publication of the International Sustainability Standards Board (ISSB) Standards, which will serve as a global framework for sustainability disclosures. It also mentions progress in developing a global assurance, ethics, and independence framework for sustainability disclosures.<\/p>\n\n\n\n
All FSB member jurisdictions have either implemented requirements, guidance, or expectations related to climate-related disclosures or have taken steps towards doing so. The FSB welcomes the final Status Report by its industry-led Task Force on Climate-related Financial Disclosures (TCFD) and has asked the ISSB to monitor the progress of climate-related financial disclosures by companies starting next year.<\/p>\n\n\n\n
The report emphasizes the importance of interoperability between the ISSB standards and jurisdictional disclosure frameworks to achieve global comparability in climate-related disclosures. It also mentions progress made by the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) in developing a comprehensive global set of assurance, ethics, and independence standards to enhance the quality and reliability of sustainability-related information.<\/p>\n\n\n\n
In conclusion, the report underscores the significant progress in climate disclosures, the importance of global standards, and the need for continued efforts to promote transparent and reliable sustainability reporting.<\/p>\n\n\n\n