Category: Governance
Emmanuel Faber will lead IFRS’ newly created body as it begins work on a global corporate sustainability standard focused on ‘enterprise value’ Emmanuel Faber will lead IFRS’ newly created body as it begins work on a global corporate sustainability standard f… Emmanuel Faber will lead IFRS’ newly created body as it begins work on a global corporate sustainability standard focused on ‘enterprise value’
The former CEO and Chair of Danone, Emmanuel Faber, has been named Chair of the International Sustainability Standards Board (ISSB), the body tasked with developing global sustainability reporting standards.
The ISSB was formally launched by the International Financial Reporting Standards (IFRS) Foundation last month. Faber’s initial three-year term as ISSB Chair will begin in January, the same time as the standards body gets to work on a global baseline standard for sustainability disclosures, designed to give investors “high quality, globally comparable sustainability information that can be used by jurisdictions on a standalone basis or incorporated into requirements to meet broader, multi-stakeholder or public policy needs”.
Speaking on his appointment, Faber, who now is a Partner at Brussels-based impact investor Astanor Ventures, said: “Investors are demanding high quality, globally comparable sustainability information on which to…