The Global Reporting Initiative (GRI) and the IFRS Foundation have signed a Memorandum of Understanding, which commits the International Sustainability Standards Board (ISSB) and the Global Sustainability Standards Board (GSSB) to coordinate their work programmes and standard-setting activities.
The memorandum of understanding is expected to increase the compatibility and interconnectedness of investor-focused baseline sustainability information. The global baseline concept has been welcomed by the G20 Leaders, the International Organization of Securities Commissions (IOSCO) and others.
The press release announcing the signing of the MoU may be accessed here.