
LSEG welcomes the International Sustainability Standards Board (ISSB) to mark its recent work to develop guidance on climate transition plans
Today, Sue Lloyd, Vice Chair of the ISSB, took part in “Climate Transition Plans - navigating the pathway ahead”, a joint event with LSEG to mark the publication of the ISSB’s recent work to develop guidance - building on the TPT materials.
Since the ISSB launched its two inaugural standards in 2023 – IFRS S1 and IFRS S2 – 36, jurisdictions have adopted or otherwise used the ISSB Standards.
To reduce fragmentation of disclosures about transition plans, the IFRS Foundation assumed responsibility for the disclosure-specific materials developed by the TPT. This is part of its broader mission to create a comprehensive global baseline for sustainability-related financial disclosures.
The guidance material, launched earlier in the week during the IFRS Foundation annual conference, is designed to (1) enable entities to provide high-quality information about their climate-related transition when applying IFRS S2 and (2) support the ISSB global baseline and its implementation.