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A growing number of jurisdictions are moving ahead with or considering measures to ensure global comparability in companies’ climate and other sustainability-related financial disclosures through the adoption or other use of ISSB Standards. 

The IFRS Foundation is committed to continuing to support regulators and other relevant authorities as they embark on this journey. In the Regulatory Implementation Programme Outline (Outline) published in May 2024, the IFRS Foundation described the four key elements of support it intends to offer through the Regulatory Implementation Programme:  

1. Inaugural Jurisdictional Guide for the adoption or other use of ISSB Standards (Jurisdictional Guide)

  • Information and resources: providing key content to help jurisdictions as they design and plan their journeys towards the adoption or other use of ISSB Standards.  
  • Transparency: setting out the features considered when describing jurisdictional approaches towards adoption or other use of ISSB Standards. 

2. Adoption Toolkit 

  • Policy rationale materials: unpacking the policy case for adoption or other use of ISSB Standards, especially in emerging markets and developing economies. 
  • Roadmap development tool: identifying key decision points and accompanying considerations. 
  • Roadmap templates: supporting roadmap considerations in light of various approaches to adoption or other use of ISSB Standards. 

3. Educational material and e-learning 

4. Partner Support 

  • Capacity building: delivered in partnership with international bodies (including IOSCO and multilateral development banks) and other partners.  
  • Technical assistance: delivered in partnership with international bodies (including multilateral development banks) and other partners. 
  • Structured forums for feedback: regulatory adoption-related information sharing forums coordinated by international bodies. 

 

The Jurisdictional Guide and the Outline recognise that the decision to adopt or otherwise use the ISSB Standards is a sovereign one, and that each jurisdiction can and should make this choice based on its own circumstances. These documents encourage jurisdictions to adopt or otherwise use ISSB Standards in a way that promotes comparable information for investors on climate and other sustainability-related risks and opportunities and mitigates the risks of regulatory fragmentation in disclosure requirements. The Jurisdictional Guide explains that the IFRS Foundation will publish jurisdictional profiles to support transparency for capital markets and other stakeholders on jurisdictional progress towards the global baseline.