The International Sustainability Standards Board (ISSB) has announced that 14 countries are set to fully integrate its environmental, social, and governance (ESG) reporting standards. These standards, which commenced in 2024, include rules for climate and general sustainability reporting. The countries adopting these rules include key emerging markets such as Brazil and Mexico, which will apply these rules to major local corporations, marking a significant step in global ESG standardization.
In addition to the confirmed adopters, a total of 36 jurisdictions are engaged in efforts toward adopting these rules in varying capacities. This broad acceptance underscores a growing trend toward standardization in sustainability reporting, potentially setting a uniform benchmark for corporate disclosures globally. However, while the United States has not committed to applying these standards at a federal level, there is potential for state-level adoption.
For further details on the specifics of these new regulations and how they might affect global corporations, see the original Bloomberg article.