Jean-Paul Servais, the Chair of the Board of the International Organization of Securities Commissions (IOSCO) has given a speech, in which he touched on the adoption of ISSB standards around the world.
In his speech, he stated that IOSCO is now focusing on providing technical assistance and guidance to help regulators understand how they can integrate the ISSB standards into their own frameworks with appropriate alignment. In his view, this is critical to minimising fragmentation.
He added:
We are coordinating this enhanced level of assistance across our members through IOSCO’s Growth and Emerging Markets Committee - our largest Committee - taking into account the varying needs of its wide membership. Through these efforts, I am increasingly confident that around 130,000 companies will eventually be releasing non-financial disclosures in one form or another using the ISSB framework.
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