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New ISSB Sustainability Standards - what does this mean for investors?
7/3/2023 ~ 12:37:08 PM

๐—” ๐—ด๐—น๐—ผ๐—ฏ๐—ฎ๐—น ๐˜€๐—ฒ๐˜ ๐—ผ๐—ณ ๐—˜๐—ฆ๐—š ๐—ฑ๐—ถ๐˜€๐—ฐ๐—น๐—ผ๐˜€๐˜‚๐—ฟ๐—ฒ ๐˜€๐˜๐—ฎ๐—ป๐—ฑ๐—ฎ๐—ฟ๐—ฑ๐˜€ ๐—ต๐—ฎ๐˜€ ๐—ฒ๐—บ๐—ฒ๐—ฟ๐—ด๐—ฒ๐—ฑ.ย 

It will be known as the IFRS Sustainability Disclosure Standards (

The Standards will be managed by the International Sustainability Standards Board, but they are the intellectual property of the IFRS Foundation, and will sit alongside the IFRS International Accounting Standards.ย 

The G7 Finance Ministers have already endorsed them (when the draft standards were released). The UK financial regulator has already said these standards will form the core of its 'Sustainable Disclosure Regulation', and several of the largest accountancy firms are already building assurance practices around these standards.

So whilst some prefer the broader GRI Standards, and the EU wants to advance its EFRAG Sustainability Reporting Standards, we think it is clear that the battle to become the global benchmark has now been won by ISSB.

๐—ช๐—ต๐—ฎ๐˜ ๐—ฑ๐—ผ ๐˜๐—ต๐—ฒ๐˜€๐—ฒ ๐—ป๐—ฒ๐˜„ ๐—œ๐—™๐—ฅ๐—ฆ ๐—ฆ๐˜๐—ฎ๐—ป๐—ฑ๐—ฎ๐—ฟ๐—ฑ๐˜€ ๐—น๐—ผ๐—ผ๐—ธ ๐—น๐—ถ๐—ธ๐—ฒ?

Well, they are not really new;ย 

โžก๏ธ The 'IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information' will apply the SASB Standards that have been in the market for many years.ย 

โžก๏ธ The only addition will be the 'IFRS S2 Climate-related disclosures', based on the FSB Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

๐—ฆ๐—ผ ๐˜„๐—ต๐—ฎ๐˜ ๐—ฑ๐—ผ๐—ฒ๐˜€ ๐˜๐—ต๐—ฎ๐˜ ๐—บ๐—ฒ๐—ฎ๐—ป ๐—ณ๐—ผ๐—ฟย ๐—ผ๐˜‚๐—ฟ ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ผ๐—ฟ ๐—ฐ๐—น๐—ถ๐—ฒ๐—ป๐˜๐˜€? ๐Ÿ’ญ

We atย Integrum ESGย are delighted, because our sustainability assessments, for every company we cover, are explicitly based on theย SASBย Standards, which we have officially licensed for over 3 years.

We chose this framework because it was sector-specific, narrow and deep. It drills into the ESG risks that are material for a company, rather than apply a very broad set of universal metrics, many of which are not relevant to the company in question, and therefore a distraction.ย ย 

So when we receive questions asking 'will you be adapting your framework to accommodate the IFRSย Sustainability Disclosure Standards?' we can only respond:

'๐—ก๐—ผ - ๐—ฏ๐—ฒ๐—ฐ๐—ฎ๐˜‚๐˜€๐—ฒ ๐˜๐—ต๐—ฎ๐˜'๐˜€ ๐˜„๐—ต๐—ฎ๐˜ ๐—ผ๐˜‚๐—ฟ ๐—ณ๐—ฟ๐—ฎ๐—บ๐—ฒ๐˜„๐—ผ๐—ฟ๐—ธ ๐—ถ๐˜€ ๐—ฎ๐—น๐—ฟ๐—ฒ๐—ฎ๐—ฑ๐˜†.'

Want to share your thoughts? Email us viaย contact@integrumesg.comย or fill in this formย HEREย to book in a demonstration on our own approach to ESG analysis.

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