Global Sustainability Board’s Agenda Demands Future Funding Plan

A three-year-old board established to set international corporate sustainability reporting guidelines is experiencing growing pains as questions swirl surrounding its agenda, overlap with other rulemakers, and long-term financial viability.

The International Sustainability Standards Board, launched in November 2021, has developed a framework for how companies should report on issues such as business impacts of climate change. The board’s standards are meant to become mandatory in countries that decide to use them, creating comparable disclosure to cut through the confusion of multiple voluntary frameworks that companies have followed to date.

The ISSB is a sister organization to the more established International ...