IOSCO adopts 'far-reaching' 2022 work plan to develop sustainable finance

IOSCO has announced that it has adopted a 2022 sustainable finance work plan.

Planned work includes:

• A review of the 'soon-to-be-published' IFRS International Sustainability Standards Board (ISSB) Exposure Drafts of proposed climate and general sustainability disclosure requirements, as well the final standards when they are produced. If IOSCO determines that the Standards are fit for purpose, its decision would provide all 140 IOSCO member jurisdictions with the basis to decide how they might adopt, apply or be informed by the ISSB standards.
  
  
• Development of assurance standards, focusing on independent assurance of the quality of corporate reporting of sustainability information.
  
  
• An in-depth review of carbon markets to identify vulnerabilities in nascent voluntary carbon markets, as well as the transparency and integrity in the functioning of carbon markets from the perspective of financial regulation.
  
  
• Stepping up its engagement with both national regulators and market participants to push for the implementation of its recommendations addressed to asset management and ESG ratings and data providers.