The International Federation of Accountants (IFAC) and leading capital markets participants - PRI (Principles for responsible Investment) and WBCSD (World Business Council for Sustainable Development) - are calling for simplicity and alignment in the standard-setting process when the International Sustainability Standards Board (ISSB) writes the new rules. 

At this critical juncture, regulatory and standard-setting fragmentation must be avoided through efforts to align key concepts, terminologies, and metrics upon which disclosure requirements are built, the bodies said in a joint statement.