Janine Guillot, CEO of the Value Reporting Foundation, had overseen the previous consolidation of the Sustainability Accounting Standards Board (SASB), which she led, with the International Integrated Reporting Council. SASB is set to consolidate into International Sustainability Standards Board (ISSB) in June, after the Climate Disclosure Standards Board will have joined earlier this year.
In addition to the undeniable benefit of condensing the environmental, social and corporate governance (ESG) alphabet soup, these mergers point to a growing maturity about these types of disclosures, not least from the accounting profession itself. “Unless people are deep in the weeds of accounting standard setting, they don’t always realise that [the creation of ISSB] is a really big deal,” says Ms Guillot.
