Voluntary ESG Rules Reframed to Fit Global Reporting Standards

The International Sustainability Standards Board published changes Wednesday designed to make the voluntary rules underpinning its global corporate reporting standards more international in scope.

The standard-setter said that it had made “targeted amendments” to rules originally written by the formerly US-based Sustainability Accounting Standards Board, which was merged into ISSB in 2022. The revisions replace any references to specific places so that the standards could more easily be used internationally.

SASB standards have been used voluntarily by more than 2,000 companies worldwide and underpin the ISSB’s first two sets of reporting rules, which take effect in 2024 and will become ...