The International Sustainability Standards Board (ISSB) was launched in 2021 by the International Financial Reporting Standards (IFRS) Foundation, with the aim of creating a global baseline for corporate sustainability reporting.
Last June, the standard setter released its first set of disclosure standards on sustainability (IFRS S1) and climate (IFRS S2).
At COP28, nearly 400 organisations from 64 jurisdictions signed a statement committing to advancing the global adoption or use of the ISSB’s climate-related standard.
While the standards have been widely endorsed, only around a dozen countries are in the process of adopting them.
Each jurisdiction has its own adoption timeline and the standards are being tweaked to suit individual markets.
The ISSB has described these differing implementation routes as “pathways”, and is expected to publish an adoption guide with different pathways for national policymakers before the end of H1.
Responsible Investor has put together a tracker covering which jurisdictions are adopting the standards, what stage they are at, their implementation deadline, and the relevant assurance requirements.
The tracker is based on publicly available information. It will be updated on a regular basis to reflect any progress, or to add any new jurisdictions that have started the process of adopting the standards.