The International Sustainability Standards Board (ISSB) was established by the International Financial Reporting Standards (IFRS) Foundation.
The IFRS Foundation is a non-profit organization based in London, UK. It is responsible for developing and promoting globally accepted accounting standards. The ISSB was created in November 2021 with the mission to develop a global baseline of sustainability disclosure standards for companies.
The ISSB is governed by a board of trustees who are appointed by the IFRS Foundation. The board of trustees is responsible for overseeing the ISSB's work and ensuring that its standards are of high quality and meet the needs of investors and other stakeholders.
The ISSB's work is supported by a technical staff who are responsible for developing and maintaining the standards. The ISSB also consults with a wide range of stakeholders, including investors, companies, and other standard-setters, to ensure that its standards are relevant and practical.
The ISSB's standards are intended to be used by companies around the world to report on their sustainability performance. The standards cover a wide range of sustainability issues, including climate change, environmental impact, social responsibility, and governance.
The ISSB is a relatively new organization, but it has already made significant progress in developing its standards. The ISSB's standards are expected to have a major impact on the way companies report on sustainability.
