Sustainability standards need to be more scalable, says ISSB

The International Sustainability Standards Board (ISSB) plans to revisit parts of the proposed sustainability standards to ensure they are more scalable for businesses

At a four-day meeting in Frankfurt last week, the ISSB agreed to explore amending the proposals in draft S1 General Requirements for Disclosure of Sustainability-related Financial Information and draft S2 Climate-related Disclosures to introduce mechanisms that allow entities with varied capabilities and preparedness to apply these proposals, reducing the potential burden on entities, by introducing an element of scalability to the standards.

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