Menu User account menu Search Back News and Resources NEWS RELEASE NOVEMBER 3, 2021 SHARE EMAIL PRINT ICI Statement on Creation of an International Sustainability Standards Board Washington, DC; November 3, 2021—Investment Company Institute President and CEO Eric J. Pan issued the following statement regarding the International Financial Reporting Standards (IFRS) Foundation’s creation of the International Sustainability Standards Board (ISSB): “ICI has led the regulated fund industry conversation on environmental, social, and governance issues, and a prime example of this leadership is its engagement with international regulators on the importance of developing a strong global framework for sustainability reporting standards. Fund managers rely on consistent and comparable corporate disclosures to pursue investment strategies on behalf of the millions of retail investors around the world. “The IFRS Foundation’s formation of the International Sustainability Standards Board is a significant step forward in improving corporate disclosure of climate-related information around the world—a goal for which ICI has strongly advocated. ICI also welcomes the fact that the ISSB plans to incorporate the work of the Value Reporting Foundation in its standards-setting work. As it pursues this work, ISSB needs to have substantial investor representation to ensure its standards focus on the needs of investors.” Related Content More COMMENT LETTER ICI Global Letter Regarding SEBI Circular Introducing T+1 Rolling Settlement (pdf) More More ICI VIEWPOINTS Foreign Direct Investment: Striking the Right Balance In a world that is more interconnected than ever, it is important to fend off foreign threats to... More More NEWS RELEASE IDC Reelects Kathleen T. Barr as Chair; Elects Cynthia Plouché as Vice Chair The Governing Council of the Independent Directors Council has also elected three new members who... More Footer menu GENERAL About ICI About ICI Global About IDC About ICIEF HELPFUL LINKS Privacy and Cookie Policy Apply for User Account COVID-19 Report Contact Us ICI RESOURCES Comment Letters ICI Viewpoints ICI Fact Book Resource Centers MEMBER RESOURCES Business Continuity Copyright © 2021 by the Investment Company Institute Privacy Privacy and Cookie Policy Social Facebook LinkedIn Twitter YouTube