气候变化领域集成服务门户(CCPortal): Global investor responses to the International Sustainability Standards Board draft sustainability and climate-change standards: sites of dissonance or consensus

CCPortal

DOI	10.1108/SAMPJ-03-2023-0128
	Global investor responses to the International Sustainability Standards Board draft sustainability and climate-change standards: sites of dissonance or consensus
	Millar, John; Slack, Richard
发表日期	2024
ISSN	2040-8021
EISSN	2040-803X
起始页码	15
结束页码	3
卷号	15 期号:3
英文摘要	PurposeThis paper aims to examine sites of dissonance or consensus between global investor responses to the draft standards, International Financial Reporting Standards S1 (IFRS) (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures), issued by the International Sustainability Standards Board (ISSB).Design/methodology/approachA thematic content analysis was used to capture investor views expressed in their comment letters submitted in the consultation period (March to July 2022) in comparison to the ex ante position (issue of draft standards, March 2022) and ex post summary feedback (ISSB staff papers, September 2022) of the ISSB.FindingsThere was investor consensus in support of the ISSB and the development of the draft standards. However, there were sites of dissonance between investors and the ISSB, notably regarding the basis and focus of reporting (double or single/financial materiality and enterprise value); definitional clarity; emissions reporting; and assurance. Incrementally, the research further highlights that investors display heterogeneity of opinion.Practical and Social implicationsThe ISSB standards will provide a framework for future sustainability reporting. This research highlights the significance of such reporting to investors through their responses to the draft standards. The findings reveal sites of dissonance in the development and alignment of draft standards to user needs. The views of investors, as primary users, should help inform the development of sustainability-related standards by a global standard-setting body apposite to current policy and future reporting requirements, and their usefulness to users in practice.Originality/valueTo the best of the authors' knowledge, this paper makes an original contribution to the comment letter literature, hitherto focused on financial reporting with a relative lack of investor engagement. Using thematic analysis, sites of dissonance are examined between the views of investors and the ISSB on their development of sustainability reporting standards.
英文关键词	Investor; Comment letters; Dissonance; International Sustainability Standards Board (ISSB); Draft standards; IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information); IFRS S2 (Climate-related Disclosures)
语种	英语
WOS研究方向	Business & Economics ; Science & Technology - Other Topics ; Environmental Sciences & Ecology
WOS类目	Business, Finance ; Green & Sustainable Science & Technology ; Environmental Studies ; Management
WOS记录号	WOS:001196500500001
来源期刊	SUSTAINABILITY ACCOUNTING MANAGEMENT AND POLICY JOURNAL
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/304096
作者单位	Durham University
推荐引用方式 GB/T 7714	Millar, John,Slack, Richard. Global investor responses to the International Sustainability Standards Board draft sustainability and climate-change standards: sites of dissonance or consensus[J],2024,15(3).
APA	Millar, John,&Slack, Richard.(2024).Global investor responses to the International Sustainability Standards Board draft sustainability and climate-change standards: sites of dissonance or consensus.SUSTAINABILITY ACCOUNTING MANAGEMENT AND POLICY JOURNAL,15(3).
MLA	Millar, John,et al."Global investor responses to the International Sustainability Standards Board draft sustainability and climate-change standards: sites of dissonance or consensus".SUSTAINABILITY ACCOUNTING MANAGEMENT AND POLICY JOURNAL 15.3(2024).