ISSB to ‘harmonize disclosures’ on corporate climate transition plans

The International Sustainability Standards Board (ISSB) on Monday said it would release guidance to standardize how companies worldwide publish details on their climate transition plans to meet net-zero goals. 

Climate transition plans are becoming increasingly important for businesses as companies face more regulations and deadlines for slashing carbon emissions. Such plans are already mandatory for listed companies in the EU under the bloc’s corporate sustainability disclosure regulation. Elsewhere, reporting by companies is largely voluntary, with the actions of some company boards outpacing policymakers.