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ARTICLE · 08 AUGUST 2023

Travers Smith's Sustainability Insights: The New Global Baseline In Sustainability Reporting

Travers Smith LLP
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Last month, the International Sustainability Standards Board (ISSB) published its first set of sustainability disclosure standards.

GlobalWealth Management
Simon Witney
Simon Witney
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Phil Bartram
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Doug Bryden
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Sarah-Jane Denton
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Heather Gagen
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Michael Raymond
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A regular briefing for the alternative asset management industry.

Last month, the International Sustainability Standards Board (ISSB) published its first set of sustainability disclosure standards. Building on a variety of other initiatives, and after rapid but extensive stakeholder consultation, the ISSB has laid out a disclosure framework and set some minimum requirements.

The ISSB's declared aim is to provide useful and comparable data to aid investor decision-making, and it hopes that these standards will become the "global baseline" for sustainability reporting.

There are good reasons to believe that will happen. While some companies will adopt these standards voluntarily, it is also expected that many national regulators - including in the UK - will, in time, make them mandatory, perhaps with additional requirements layered on top.

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