ISSB’s Inaugural Sustainability Disclosure Standards Put the Spotlight on Scope 3 Emissions in the U.S.

One of the major hot button ESG issues in recent times has been the lack of common, transparent and reliable standards for measuring environmental, social and governance (ESG) performance or comparing performance within or across sectors. In an effort to fill this gap globally, at the UN Climate Change Conference in November 2021, the International Financial Reporting Standards Foundation (IFRS) announced the creation of the International Standards Sustainability Board (ISSB).