While some companies may prioritize climate-related disclosures, others may fully adopt the standards. However, what remains clear is that global sustainability reporting is a lasting fixture in the business landscape. Hence, ensuring transparency and accountability in quality reporting is vital for business leaders to navigate implementation with clarity.

Understanding the change is paramount: New standards are driving significant transformations in the scope and scale of reporting. Your company needs to comprehend the landscape of these new requirements to proactively prepare.

Preparation is underway: The ISSB has issued its inaugural standards, allowing you to gear up for reporting. Conduct a gap analysis and identify the necessary information for reporting. Develop a plan to collect and report relevant data.

Connecting your reporting is essential: Investors anticipate consistency across reporting, with both the front and back of your corporate report conveying the same narrative.

Reporting for FY24 is fast approaching: Whether voluntary or mandated by local jurisdictions, the first companies will report for FY24. Companies must be ready for enhanced sustainability-related reporting, covering the entire value chain across a broad spectrum of ESG topics, subject to transition options.