IFRS Foundation Launches Initiative to Position ISSB Standards as a Global Passport for Sustainability Reporting

The IFRS Foundation has announced a major initiative to facilitate the use of International Sustainability Standards Board (ISSB) Standards as a “global passport” for sustainability-related disclosures. Unveiled at the IFRS Sustainability Symposium in London, this move aims to help capital markets worldwide by enabling companies to prepare sustainability reports that are accepted across jurisdictions, reducing fragmentation and costs for preparers.

A key highlight is the expansion of the Jurisdictional Adopters Working Group, which will now support multilateral discussions among regulators on how ISSB Standards can be recognized internationally, while accommodating jurisdiction-specific requirements as needed. This approach is designed to deliver efficiencies, enhance comparability, and provide investors with consistent, decision-useful information.
Currently, around 40 jurisdictions are planning to use ISSB Standards, reflecting strong global momentum. To further support adoption, the IFRS Foundation has released a new Jurisdictional Rationale Guide and tool, helping regulators and stakeholders understand the benefits and practicalities of implementing ISSB Standards.

Emmanuel Faber, ISSB Chair, emphasized that the standards are being firmly established as the global baseline, covering about 40% of global capital markets, and reaffirmed the commitment to maximizing their benefits for all stakeholders.

For more details, visit the IFRS Foundation news release.