As the world’s focus increasingly shifts to sustainability, organisations are paying more attention to reporting their environmental efforts to stakeholders and government agencies.Â
With the rise in interest in sustainability reporting, the International Sustainability Standards Board (ISSB) was created in 2021 at the UN Climate Change Conference (COP26). Delivering global standards for sustainability disclosures, the ISSB hopes to standardise the way businesses report their efforts and commitment to green practices.Â
In this explainer, we explore the ISSB, its objectives, significance, and why Australian accountants and bookkeepers should be interested.Â