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May 7, 2024

A member of the IFRS Sustainability Alliance

Omnevue is now a member of the IFRS Sustainability Alliance; a global membership programme for sustainability standards, integrated reporting and integrated thinking. Diverse in size and scope, members of the Alliance share a belief in the power of building a global baseline of sustainability disclosures to meet capital market needs. The Alliance also offers curated insights and educational programming, as well as peer-to-peer networking.

About the IFRS Foundation

The IFRS Foundation was created in the belief that better information supports better economic and investment decisions. It works to achieve this vision through the development of high-quality global standards that result in decision-useful information. IFRS Accounting Standards and IFRS Sustainability Disclosure Standards are developed following a rigorous, inclusive and transparent due process and with consideration for connections between accounting and sustainability information. As a public-interest organisation, it fulfils society’s needs by ensuring capital markets have better information to support better decision-making.

Why the ISSB: responding to global demand

Around the world, sustainability factors are becoming – if they are not already – a mainstream part of investment decision-making. These factors are also increasingly central to how companies plan, manage and report. The ISSB was established as part of the IFRS Foundation in response to investor, company and international policy maker (including the G20, G7, IOSCO and the Financial Stability Board) demand for:

• decision-useful, comparable information
• ending the ‘alphabet soup’ of voluntary initiatives
• an efficient reporting landscape

The ISSB has a transparent, rigorous due process to develop market-informed Standards that respond to these needs. Furthermore, ISSB members bring diverse experience and global perspectives to the development of ISSB Standards.

The ISSB Standards enhance investor-company dialogue.

The Standards provide for globally comparable sustainability-related disclosures – that are assurable – to meet the information needs of investors.

The IFRS Foundation is working with jurisdictions around the world, as well as market participants, to deliver this. This work is a global shared endeavour. The ISSB Standards provide the foundations for globally applicable disclosure requirements, thereby establishing a consistent and comprehensive global baseline. As such, the ISSB Standards allow companies and investors to standardise on a single, global baseline of sustainability disclosures for the capital markets, enabling any necessary additional jurisdictional requirements
to be built on top of this global baseline.

 

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