The International Sustainability Standards Board (ISSB), an initiative by the IFRS Foundation, monitors and manages the socio-environmental impact of businesses. ISSB represents the culmination of years of increasing impetus among governments and other authorities to monitor and manage the environmental impact of their businesses.
As the global sustainability standards for engineering and manufacturing businesses evolve, we outline the relevant and useful guidelines in this whitepaper.
This renewed focus on sustainability is important for continued business success, especially with the adoption of the 2030 Agenda for Sustainable Development and the Paris Climate Agreement. Numerous developments since then have contributed to the growing momentum of the sustainability movement since then, with the IPCC report (2018) serving as a wake-up call for nations, governments, and businesses regarding climate change.
The 2021 United Nations Climate Change Conference (COP26) held in Glasgow was the most recent in this long line of regulations, guidelines, and agreements to protect the environment.
By leveraging UN-SDGs, engineering companies can create a value that integrates market potential, societal demands, and regulatory requirements to maximize the benefits of sustainable practices.