The Journey from WEF to ISSB

Your existing WEF SCM report can serve as a ‘readiness tool’ to transition toward ISSB reporting.

Date:

November 30, 2023

Watch on-demand
Register for the Webinar
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
See all Webinars
Provide details to view on-demand content.
Oops! Something went wrong while submitting the form.

This webinar explores the evolution of sustainability reporting standards, from the World Economic Forum's (WEF) Stakeholder Capitalism Metrics to the International Sustainability Standards Board (ISSB) framework. The discussion features Emily Barley, Head of ESG for the World Economic Forum, and Dr. Tim Siegenbeek van Heukelom, Chief Impact Officer at Socialsuite. The webinar aims to clarify the transition from the WEF metrics to the ISSB standards, addressing concerns about the future of current reporting practices.

The presenters explain that the Stakeholder Capitalism Metrics were developed in response to a need for a globally aligned reporting system. These metrics, derived from existing frameworks like GRI, SASB, and TCFD, aimed to consolidate various reporting requirements and provide a baseline for companies. The WEF metrics were intentionally designed to be a starting point, with the understanding that a more formal standard-setting body would eventually take over. The ISSB is viewed as a version two of the WEF metrics, with a more rigorous standard-setting process.

The webinar addresses concerns about the adoption of ISSB, noting that the WEF is no longer actively recruiting companies to join the Stakeholder Capitalism Metrics initiative. While the ISSB standards are not yet complete, the WEF metrics are seen as a helpful tool for companies to prepare for the transition. Our experts also emphasize that the ISSB standards are not a replacement of the WEF metrics, but rather a natural evolution. 

The webinar also highlights the importance of materiality assessments, stakeholder engagement, and the need to understand the evolving regulatory landscape. They further explain that a group of sustainability professionals has been convened to share best practices and help companies to practically adopt the ISSB standards.

This webinar explores the evolution of sustainability reporting standards, from the World Economic Forum's (WEF) Stakeholder Capitalism Metrics to the International Sustainability Standards Board (ISSB) framework. The discussion features Emily Barley, Head of ESG for the World Economic Forum, and Dr. Tim Siegenbeek van Heukelom, Chief Impact Officer at Socialsuite. The webinar aims to clarify the transition from the WEF metrics to the ISSB standards, addressing concerns about the future of current reporting practices.

The presenters explain that the Stakeholder Capitalism Metrics were developed in response to a need for a globally aligned reporting system. These metrics, derived from existing frameworks like GRI, SASB, and TCFD, aimed to consolidate various reporting requirements and provide a baseline for companies. The WEF metrics were intentionally designed to be a starting point, with the understanding that a more formal standard-setting body would eventually take over. The ISSB is viewed as a version two of the WEF metrics, with a more rigorous standard-setting process.

The webinar addresses concerns about the adoption of ISSB, noting that the WEF is no longer actively recruiting companies to join the Stakeholder Capitalism Metrics initiative. While the ISSB standards are not yet complete, the WEF metrics are seen as a helpful tool for companies to prepare for the transition. Our experts also emphasize that the ISSB standards are not a replacement of the WEF metrics, but rather a natural evolution. 

The webinar also highlights the importance of materiality assessments, stakeholder engagement, and the need to understand the evolving regulatory landscape. They further explain that a group of sustainability professionals has been convened to share best practices and help companies to practically adopt the ISSB standards.