26/07/2023 (Agence Europe) – On Tuesday 25 July, the International Organization of Securities Commissions (IOSCO) announced that it had approved the International Sustainability Standards Board’s (ISSB) IFRS standards for corporate sustainability reporting (see EUROPE 13218/14). IOSCO is now calling on its 130 member jurisdictions - the capital markets authorities that regulate more than 95% of the world’s securities markets - to consider how they can incorporate these standards into their respective regulatory frameworks to ensure consistency and comparability of sustainability information worldwide. “IOSCO’s timely endorsement and strong encouragement for capital market authorities to act confirms that the ISSB Standards are fit for purpose”, commented ISSB Chairman Emmanuel Faber in a statement. (AD)