ISSB

Financial news from Dubai: MDBs join taskforce to boost climate and nature-linked sovereign financing; PRI launches net-zero policy taskforce for international regulators.

IFM Investors and Hesta welcome the climate-focused framework, but call for the introduction of other sustainability metrics.

A statement seen by RI asking organisations to ‘champion’ its climate standards is viewed by some as a further sign the standard setter is struggling to get backing for a global baseline.

Respondents also flag issues on materiality definitions, requesting further clarity and guidance.

The Australian Accounting Standards Board has proposed three reporting standards based on the ISSB’s two sustainability disclosure standards.

ISSB chair pens concerns about 'illusions' around what double materiality can deliver, adding that a push for only this approach is 'incompatible with the urgency of the transition'.

ISSB’s Sue Lloyd says the standard setter aims to publish guidance this year on how applying its climate standard should result in 'thinking about nature-related things'.

The latest developments in sustainable finance: Korea asks FSA to delay ESG disclosures; OMERS launches climate action plan; Californian climate bill passed by Assembly.

The exchange has told companies to start working on climate transition plans.

Asset owners push case for impact, as HSBC bank’s pension fund warns of ‘disrepute’ without greater connectivity between sustainability standards and financial reporting ones.