Emmanuel Faber takes the reins of the organization which wants to enact international standards for sustainable finance

To fight against global warming, companies must be able to measure their impact on the environment and communicate it to the public using a common language. Everyone agrees on this point. But who will develop these extra-financial standards at the international level?

The ISSB (International Sustainability Standards Board) has positioned itself for this purpose. This body, the establishment of which was announced in Glasgow in November on the occasion of the Cop26, is the counterpart, for sustainable reporting, of the IASB (International Accounting Standards Board). Based in London, the latter was tasked 20 years ago with developing international accounting standards for consolidated accounts. These so-called “IFRS” standards are applied by around 40 countries, including European countries (but not by the United States, for example).