A watershed moment for sustainability reporting

George Richards, Partner and Head of ESG Reporting and Assurance, KPMG in the UK comments on ISSB's inaugural standards

George Richards, Partner and Head of ESG Reporting and Assurance, KPMG in the UK

Commenting on today’s release of the International Sustainability Standards Board (ISSB) inaugural standards—IFRS S1 and IFRS S2, George Richards, Partner and Head of ESG Reporting and Assurance, KPMG in the UK, said:

“Today’s announcement from the ISSB marks a watershed moment and is a vital step towards a consistent and comparable global baseline for sustainability reporting. 

“The transparency this creates will ensure companies are better held to account, and can build trust with their customers, investors, and regulators over what they are doing to address sustainability risks and opportunities.

“Using the ISSB Standards, companies, and business leaders in the UK, and globally, have an opportunity to make a positive difference not only to our climate and nature crisis but also to influence important social and governance issues.  However, the hard work doesn’t end with external reporting.  This is just the beginning - the measure of success must include a shift in the mindset of boardrooms across all companies – one which also drives positive change to decision making and a move from the ‘what’ to the ‘how’ on setting and achieving sustainability goals and ambitions.”   



For further information please contact:

KPMG Media Relations

Claire Barratt

Mobile: +44 (0)7923 439264




KPMG LLP, a UK limited liability partnership, operates from 20 offices across the UK with approximately 17,000 partners and staff. The UK firm recorded a revenue of £2.72 billion in the year ended 30 September 2022.  

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients. 

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