ISSB Publishes its Digital Sustainability Taxonomy, Helping Investors Analyse Sustainability Disclosures Efficiently

ISSB Publishes its Digital Sustainability Taxonomy, Helping Investors Analyse Sustainability Disclosures Efficiently

By Prathamesh 6 May, 2024
news

The International Sustainability Standards Board (ISSB) has published the IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy), fulfilling its promise to enable investors and other capital providers to analyse sustainability-related financial disclosures efficiently.

Use of the ISSB Taxonomy by companies will enable investors to search, extract and compare sustainability-related financial disclosures as ISSB establishes its global baseline of Standards.

The Taxonomy reflects IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, IFRS S2 Climate-related Disclosures and their accompanying guidance. The Taxonomy has been developed to help support dialogue between companies and investors and it neither introduces new requirements nor affects a company’s compliance with the Standards. Informed by market feedback, the Taxonomy enables companies to consistently tag information prepared using ISSB Standards.

Designed to be consistent with the IFRS Accounting Taxonomy so that companies can provide a holistic digital financial reporting package to investors, the ISSB Taxonomy can also be used with other digital taxonomies.

To find out more details please visit : https://www.ifrs.org/