FSB released a report on progress towards globally consistent and comparable climate-related disclosures showing that jurisdictions have made progress implementing the International Sustainability Standards Board (ISSB) disclosures standards, strengthening interoperability with other sustainability disclosure frameworks, and developing global assurance and ethics standards.
The large majority of FSB jurisdictions have regulations, guidelines or strategic roadmaps in place for climate-related disclosures. Most FSB jurisdictions have also set or proposed disclosure requirements based on ISSB Standards and the recommendations of the Task Force on Climate-related Disclosures (TCFD).
Global efforts are now focused on supporting jurisdictions in adopting, applying, or otherwise being informed by the two disclosure standards issued by the ISSB in 2023. Work is underway, by the ISSB and other organizations, to provide implementation support and capacity building to address challenges faced by SMEs and by companies in EMDEs in using these standards.
Significant progress has also been achieved in interoperability between the ISSB Standards and other regional and jurisdictional disclosure frameworks, as well as in connectivity with financial reporting and prudential reporting requirements.
Nineteen out of 24 FSB member jurisdictions have regulations, guidelines or strategic roadmaps in place for climate-related disclosures. Seventeen FSB jurisdictions have set or proposed voluntary or mandatory disclosure requirements based on the ISSB standards and the recommendations by the TCFD. Moreover, several jurisdictions have taken concrete steps towards introducing assurance requirements to enhance the reliability and usefulness of climate-related disclosures.