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On 3 November 2021, at COP26, the IFRS Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB).
The ISSB will deliver a global baseline of sustainability disclosures to meet capital market needs.
The International Sustainability Standards Board (ISSB) today announced the appointment of Ken Shibusawa as special adviser to the Chair of the ISSB. Mr Shibusawa also serves as steering group member of UNDP (United Nations Development Programme) SDG Impact, and as director of Keizai Doyukai (the Japan Association of Corporate Executives).
In his role as Special Adviser, Mr Shibusawa will provide strategic counsel to the Chair of the ISSB Emmanuel Faber, with a specific focus on jurisdictional matters in relation to the adoption of IFRS Sustainability Disclosure Standards in Japan.
In 2001 Mr Shibusawa founded Shibusawa and Company, a strategic advisory firm for alternative investments, ESG alignment and human resource development. In 2008, he founded Commons Asset Management, a mutual fund dedicated to delivering long-term investment opportunities to the Japanese household, where he currently serves as Chairman. He is a member of the council of 'New Form of Capitalism,' established by Prime Minister Kishida and other Japanese government committees related to non-financial disclosure and impact measurement.
Emmanuel Faber, Chair of the ISSB, said:
Ken has been a driving force in developing awareness and understanding of the relationship between sustainable economic activity and long-term value generation. His counsel will complement our formal engagement and provide invaluable insight to ensure the global applicability of our standards.
Ken Shibusawa, said:
The work of the ISSB is an essential component to ensure sustainability matters are factored into investment decisions. I am delighted to be able to support the adoption of these standards in Japan, which remains a leader in the application of truly sustainable business practices.
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