Teton Advisors Marc Gabelli, Chairman, and Stephen Bondi, CEO, Welcome the Launch by the International Sustainability Standards Board (ISSB) of Its First Two Finalized Standards Providing Transparency in Sustainability Reporting
Both standards – IFRS S1 and IFRS S2 – will be effective for annual reporting beginning January 2024.
- Both standards – IFRS S1 and IFRS S2 – will be effective for annual reporting beginning January 2024.
- “We applaud the ISSB’s leadership in arranging these standards and encourage investors to gather and array the new data within their respective analytical processes,” said Marc Gabelli.
- While both public and private companies have the option to adopt IFRS S1 and IFRS S2, the ISSB will not enforce their implementation.
- “However, it is in the best interest of reporting companies to incorporate these standards in their financial reports.