"The 2023's new and the fresh": the International Sustainability Disclosure Standards

Abstract

The manuscript briefly overviews the newly published ISSB Sustainability Disclosure Standards in June 2023. Critical matters leading to the historical publication of the ISSB Standards are elaborated, including the IFRS's International Sustainability Standards Board (ISSB) positioning in the ecosystem for sustainability reporting in ESG accordance. The Board published two groundbreaking International Sustainability Disclosure Standards. We elaborate on a few fundamental concepts behind the ISSB Standards and their general requirements. Nevertheless, the awareness of the ISSB Standards and its disclosure requirements is at an early stage. The latter could have an impact on its worldwide endorsement. It is challenging for different jurisdictions to embed sustainability reporting into their reporting system.