The International Sustainability Standards Board (ISSB) has recently announced updates on its partnerships with leading organizations in the sustainability reporting space. These partnerships are aimed at enhancing the quality and consistency of environmental, social, and governance (ESG) disclosures by companies worldwide.
One of the key partnerships that ISSB has established is with the Greenhouse Gas Protocol (GHG Protocol), a widely recognized standard for measuring and managing greenhouse gas emissions. By collaborating with GHG Protocol, ISSB aims to ensure that companies are reporting their emissions in a consistent and transparent manner, allowing investors and stakeholders to make informed decisions about a company’s environmental impact.
ISSB has also partnered with the Carbon Disclosure Project (CDP), a global non-profit organization that helps companies and cities disclose their environmental impacts. Through this partnership, ISSB will work with CDP to align their reporting frameworks and provide companies with a more streamlined approach to reporting on their climate-related risks and opportunities.
In addition to GHG Protocol and CDP, ISSB has also formed partnerships with the Task Force on Nature-related Financial Disclosures (TNFD) and the Global Reporting Initiative (GRI). TNFD is a global initiative that aims to provide guidance on how companies can report on their impacts on nature and biodiversity, while GRI is a leading organization in sustainability reporting standards.
By collaborating with these organizations, ISSB is demonstrating its commitment to promoting transparency and accountability in ESG reporting. These partnerships will help companies align their reporting practices with international standards, making it easier for investors, regulators, and other stakeholders to compare and assess companies’ sustainability performance.
Overall, the updates on ISSB’s partnerships with GHG Protocol, CDP, TNFD, and GRI are a positive development for the sustainability reporting landscape. By working together, these organizations can help drive greater consistency and reliability in ESG disclosures, ultimately leading to more informed decision-making and a more sustainable future for all.