Statement of Support for the International Sustainability Standards Board (ISSB)

Wednesday, November 3, 2021

Washington, DC, November 3, 2021 –The public company auditing profession has long acknowledged the value of climate and other ESG disclosures to investors. A globally accepted system for corporate sustainability disclosure standards can help decision making through reliable and comparable information. The CAQ applauds the IFRS Foundation’s announcement at COP 26 to develop the International Sustainability Standards Board (ISSB) to serve as a global foundation for sustainability disclosures for the world’s financial markets, and commitment by the Climate Disclosure Standards Board, and Value Reporting Foundation to consolidate into the ISSB.

“Investors are clear that climate and other ESG-related disclosures are integral to their investment decisions,” said Julie Bell Lindsay, CAQ Chief Executive Officer. “Today’s ISSB announcement is a positive step forward to providing a global baseline to deliver consistent and comparable sustainability standards.”