International Sustainability Standards Board (ISSB) framework has been described as the biggest financial reporting change for businesses since the introduction of the GST. This interview captures the discussion between Dr Nick Wood, Energetics Climate Risk Expert, Dr Mary Stewart, Energetics’ CEO, and Rob Fowler, Partner in the Energy Transition Practice, at Partners in Performance and sustainable finance expert.
At its core, the ISSB is not about reporting energy and greenhouse gas emissions; it is about reporting on the transition a company needs to make by 2050 to be Net Zero, and the impact climate risk will have on its financial performance. There’s real value for companies in doing ISSB properly instead of treating it as compliance, as business insights will deliver long term success, but they need to prepare now to meet its rules and capture this value.