International Space Station (ISS) Board Standards unveiled without significant contributions from European Union (EU) and United States (US)

In a significant stride towards a more sustainable future, the International Sustainability Standards Board (ISSB) guidelines are gaining traction, particularly in Asia, Africa, and Latin America. Notably, some US states have also shown interest, either by implementing climate reporting standards or considering doing so.

The European Union commission has pledged to reduce the number of data points and enhance interoperability with global standards, including the ISSB. However, the future impact of an omnibus proposal on ISSB interoperability remains uncertain.

High-level snapshots have been released for countries that are still developing their regulatory adoption of ISSB standards, such as China, Canada, the UK, Japan, Costa Rica, Switzerland, and others. The US and the EU are not included in the IFRS profiles, as the EU's sustainable reporting rules have interoperability with the ISSB standards, but the ISSB chose not to profile the EU due to an omnibus proposal that could change those rules.

The California disclosure rule and a pending bill in New York require emissions disclosures and reference the ISSB standards. However, pending legislation in Illinois, New Jersey, and Colorado is currently unclear regarding compliance with ISSB standards.

The ISSB has published 17 jurisdictional profiles, providing transparency about countries that have adopted ISSB standards to some extent. 14 of these countries fully adopt the standards. The jurisdictional profiles include Ghana, Bangladesh, Brazil, Malaysia, Chile, Hong Kong, Australia, and others.

The International Financial Reporting Standards (IFRS) Foundation has announced that 36 jurisdictions have adopted or are in the process of adopting the ISSB standards. This includes several EU countries that are currently integrating the ISSB standards into their regulatory frameworks, aligned with the Corporate Sustainability Reporting Directive (CSRD) effective from 2024 and 2025.

Emmanuel Faber, chair of the ISSB, stated that the adoption of ISSB standards strengthens jurisdictions' access to capital and trade, aids investors in making informed decisions, and allows companies to attract capital. Many companies in the US have voluntarily adopted the sustainability accounting standards and board standards in the past.

In a surprising turn of events, the US Securities and Exchange Commission has left the International Sustainability Standards Board and voted to end its defense of its own climate-risk disclosure rules passed in 2024. This move has raised questions about the US's commitment to climate reporting.

As of June 16, 2025, this page was last updated, marking a significant milestone in the global adoption of sustainable standards. The journey towards a sustainable future continues, with the ISSB standards playing a crucial role in guiding nations towards a more environmentally conscious economy.

International Space Station (ISS) Board Standards unveiled without significant contributions from European Union (EU) and United States (US)