Regulatory round-up

The International Sustainability Standards Board has published its first two proposals for the creation of global disclosure standards, and has opened a consultation with market participants.

The first document sets out general sustainability-related disclosure requirements while the second specifies climate-related disclosure requirements. They are based on the recommendations of the Task Force on Climate-Related Financial Disclosures and incorporate industry-based disclosure requirements from the Sustainability Accounting Standards Board. (The 77 industry-specific SASB standards are currently maintained by the Reporting Value Foundation, which will merge into ISSB by the end of June.)