Jurisdictional Readiness Assessment Guide and tool added to ISSB adoption toolkit

The Jurisdictional Readiness Assessment Guide and associated tool are now available to support jurisdictions in assessing how prepared their markets are for the adoption or other use of International Sustainability Standards Board (ISSB) Standards.

A structured, evidence-based review of the readiness of a market—including the reporting ecosystem, entities and broader support system—provides important insights for a jurisdiction as it decides on the pace, scope and sequencing of regulatory actions and identifies priorities for building capacity to use ISSB Standards.

The guide provides practical examples drawn from the experiences of some of the nearly 40 jurisdictions around the world that have already taken steps to adopt or otherwise use ISSB Standards.

Requirements in 19 jurisdictions have already come into effect, providing additional insights for jurisdictions developing their roadmaps from entities applying ISSB Standards for the first time.

The readiness assessment materials are part of the IFRS Foundation’s Regulatory Implementation Programme, which provides a toolkit of resources to support jurisdictions as they design and plan their journeys to use ISSB Standards. The toolkit includes materials that help jurisdictions consider potential approaches, rationales and timelines for using ISSB Standards.

The IFRS Foundation also provides transparency about jurisdictional progress. It publishes jurisdictional profiles that describe how jurisdictions approach adoption or other use of ISSB Standards, snapshots that describe how jurisdictions are finalising those approaches and jurisdictional consultations on the introduction of sustainability-related requirements.

The publication of the readiness assessment materials comes as regulators convene for the first meeting of the IFRS Foundation’s Jurisdictional Adopters Working Group. The group facilitates multilateral discussions about the use of ISSB Standards, including addressing cross-border considerations to mitigate potential fragmentation in regulatory reporting.