The U.S. Impact Investing Alliance applauds the International Sustainability Standards Board (ISSB) for the issuance of its inaugural global sustainability standards. This significant development will establish a global baseline for sustainability and climate-related disclosures by companies and lays the foundation for further progress in the years to come.

The ISSB, established by the IFRS Foundation in 2021, has worked diligently to set meaningful standards, which are poised to promote greater consistency in sustainability reporting across more than 140 jurisdictions worldwide. The Alliance has consistently supported the ISSB’s efforts, including voicing support for the ISSB’s exposure drafts last year. With the standards now in place, more than 140 jurisdictions around the world will begin the work of implementing them.

As the ISSB Standards are officially launched, we join the global impact investing community in celebrating this important milestone that will enable companies to provide decision-useful sustainability information to investors.

Looking ahead, the Alliance will continue to engage with other standard setting initiatives, such as the SEC’s transparency regulatory agenda in the United States to support global cohesion on sustainability disclosures.