Recently, the International Sustainability Standards Board (ISSB) hosted their second annual International Financial Reporting Standards (IFRS) Sustainability Symposium in New York City.
The 2024 IFRS Sustainability Symposium saw a gathering of not only investors, corporations and their advisors, but also dozens of regulators and policymakers from around the world. This year’s edition was designed to be a gathering focused on experiences, highlighting practical takeaways and insights regarding the landscape of sustainability-related financial disclosures, and how ISSB is central to that future.
Broadly speaking, the IFRS launched ISSB in order to get all stakeholders speaking the same baseline “language” of reporting for sustainability with alignment across all jurisdictions.
To that end, ISSB was designed to be aligned and easily integrated with existing disclosures such as the Sustainability Accounting Standards Board (SASB). As of October 2023, the Task Force on Climate-Related Financial Disclosures (TCFD) fully disbanded and asked the IFRS foundation to take over the monitoring of the progress of companies’ climate-related disclosures. These are just the first steps in ending the alphabet soup of sustainability disclosures and migrating sustainability/ESG disclosures all under one “umbrella” for financial market considerations.
Another key point of emphasis at the symposium was how ISSB is meant to enable investing in sustainability and make the process more transparent and beneficial to all parties. Currently, a large portion of data and KPIs for sustainability and climate-related risks are historical and lack context; disclosures on things like emissions or energy usage are backwards-facing without highlighting corporate strategies and goals moving forward.
While these KPIs will still be included in ISSB reporting, these standards will not only ask for disclosures of forward-looking risks, but forward-looking sustainability and climate-related opportunities as well. Investors in capital markets are specifically looking at these considerations when making decisions and the full breadth of information covered in ISSB will hopefully enable more informed decision making in capital markets.
These considerations have led to ISSB being endorsed by the International Organization of Securities Commissions and adopted across multiple jurisdictions worldwide. Alongside the recent decision by the SEC to enforce climate-related disclosures, it is not a matter of if, but when IFRS’ disclosures start to become enforced in both domestic and international markets.
Subscribe To Our Blog Newsletter
Keep yourself ahead of the curve with the latest utility news, trends, & resources.
Editor's Picks
New Rules. Same Old Trash. Ask an Expert with Tedd Schonsheck
Meet Tedd Schonsheck: Waste strategist. Former Army officer. Recovering retail executive. Now, he’s one of the people dedicated to making sure trash actually works for property owners and managers.
Climate Risk Is Now a Portfolio Allocation Question, Not a Reporting Exercise
A practical framework for screening climate risk in multifamily portfolios and identifying market and asset hotspots.
Keep the Heat On: Utility Assistance Resources for Property Teams This Winter
Record-breaking cold across the East is driving heating costs higher and putting pressure on residents and property teams alike.. Meanwhile, in our headquarters in Utah, we’re still scanning the mountains for snow (we’re not bitter). But across the country, winter…
Exploring the YoY Energy Price Hikes
Why Doing Everything Right Still Costs More First the lightning. Then the thunderclap. Right? The lightning. Over the last 18 months, AI, in all of its many and emerging forms, roared across the U.S. And while cultural and enterprise hesitance…
Onboard Is Now Conservice Internet Management
Since 2017, Onboard has been singularly focused on transforming how internet is delivered, supported, and monetized in the real estate industry. We’ve built a platform that simplifies bulk and non-bulk internet programs for owners, enhances the resident experience, and drives…
Senior Living Runs on Care (and Careful Utility Management)
Senior living operations exist for one main reason: to support residents. Every role, every process, and every decision ultimately serves people, not just systems. That focus is what makes the industry unique. And it’s also what makes operational strain show up more quickly when something falls out of balance.
The NOI Drain You Can’t See: How Utility Billing Errors Quietly Undermine Portfolio Performance
Identify and recover hidden utility billing errors that quietly drain NOI. Learn how a utility bill audit, automation, and expert review improve budget accuracy across multifamily and commercial portfolios.
Mid-Lease Enrollments: You’ve Signed a Bulk Internet Contract—Now What?
Signing an internet management contract is a big step forward. You’ve secured better pricing, guaranteed service levels, and one of the most in-demand amenities for your residents. But once the ink is dry, the real work begins: getting residents enrolled.
What the 2026 GRESB Updates Mean: Our Observations on the Key Shifts
Change is on the horizon. The 2026 GRESB Real Estate Standard marks a decisive move toward measurable, performance-based climate action. Rather than incremental adjustments, these updates focus attention on the issues that most directly shape long-term value and resilience. GRESB…
California AB1414: New Bulk Internet Opt-Out Law—What You Need to Know
New Requirements Go Into Effect January 1, 2026 California has officially passed AB1414, a bill that changes how property owners and operators can offer bulk internet services to residents. Beginning January 1, 2026, property owners must allow residents the ability…
Experience Effortless Utility Management and Cost Savings
Connect with us today to discover how our solutions can ease tenant billback, streamline utility management, and reduce your costs and energy usage. Make your utility management smarter and more efficient with Conservice!
