![]() ![]() ![]() Sue Lloyd, vice chair of the International Sustainability Standards Board, at the launch of the inaugural sustainability standards. The standards board was created at the COP26 climate summit in Glasgow in response to calls from the Group of 20 advanced and developing economies, the Financial Stability Board-which oversees the G-20 global financial system-and Iosco, as well as business leaders and investors. Many others are expected to adopt the new guidelines given the strong backing for the ISSB. ![]() So far, major countries that have indicated they are setting up mechanisms to consider using the ISSB standards are Australia, Canada, Japan, Hong Kong, Malaysia, New Zealand, Nigeria, Singapore and the U.K. It is now up to individual countries and jurisdictions to decide if and when they will adopt the ISSB standards. The ISSB is “helping drive the convergence of voluntary and regulated disclosure toward greater coherence so that capitalism and markets can continue to focus on long-term, sustainable development and deliver the progress we all want,” said corporate and investor communities for the ISSB standards as a choice that might be voluntarily made, separate from what might be required from a regulatory perspective, said Sue Lloyd, vice chair of the ISSB, in an interview with The Wall Street Journal. ![]() Even so, there has been real interest from the U.S. ![]()
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