home
news

Multistakeholder Statement in Reaction to the ISSB's 2-year Work Plan

share this article

The International Sustainability Standards Board is presenting in London this Tuesday the work plan for the upcoming two years, including research projects to develop standards for companies’ reporting on biodiversity and human capital.

In reaction to this, we publish a statement signed by a group of civil society, investor and corporate associations namely B Lab Global, Eurosif, ECOS, Frank Bold, World Benchmarking Alliance, ShareAction, Mouvement Impact France and Shift and features public positions submitted by UNEP FI, WBCSD, PRI or the OECD.

The statement reflects positions and recommendations submitted to the ISSB by some of the largest investor and corporate associations, global institutions and leading NGOs in the fields of environment and human rights, including:

  • A call for a strategic approach to address risks and dependencies across the entire spectrum of deeply interconnected environmental, social and governance topics, which is of high importance for investors and financial institutions to adequately consider and incorporate long-term systemic risks
  • A request to make ISSB standards interoperable and connected with impact-related disclosures (namely GRI and the already adopted EU Sustainability Reporting Standards), as well as compatible rather than competing with existing international standards and frameworks globally endorsed such as the UNGPs or the OECD Guidelines.
  • The urgency to address impact drivers of biodiversity loss, notably to end and reverse deforestation by 2030, building from an integrated approach that considers water and marine resources, pollution as well as circular economy.
  • A strong concern over the separation of human capital and human rights risks instead of planning for a coherent architecture of social-related disclosures.
  • The need to underpin any development of social standards with the process of due diligence for providers of capital to understand the extent to which companies are equipped to identify and manage their risks and opportunities effectively.

Read the full statement below.

In response to the ISSB two-year work plan
    (
51 kB
)

You may also like these news

All news
3/25/2025

Omnibus proposals - Changes the European Parliament and the Council must make to uphold the CSRD

Whilst the European Parliament and the Council are in the midst of analysing and debating the Omnibus Simplification Package, we suggest our key changes for the co-legislators to implement to ensure that the CSRD is respected.

All news
3/18/2025

Omnibus proposals - Changes the European Parliament and the Council must make to uphold the CSDDD

Following the European Commission’s announcement of its Omnibus Simplification Package at the end of February, both the Council and the European Parliament must now reach their own positions on the proposals, before the trilogue negotiations between all three bodies commence again.

All news
3/7/2025

EU Omnibus Unveiled: What’s at stake for the EU’s sustainability framework?

At the end February, we exposed how the European Commission’s recently announced Omnibus proposals intend to modify corporate sustainability due diligence, reporting and taxonomy and how it will influence the effectiveness of these key legal frameworks.