3/11/2021 | Viewpoint

BVI welcomes the ISSB to Frankfurt

In addition to international financial reporting, the IFRS Foundation will also standardise sustainability reporting in the future. For this purpose, the International Sustainability Standards Board (ISSB) will be created. The aim is to develop global standards for sustainability reporting of companies.

The IFRS Foundation decided on 3 November 2021 that Frankfurt will be the head office of the ISSB. The decision strengthens the financial centre in competition with other cities. As the voice of investors, BVI has always pioneered the need for global solutions, and the announcement of the location issue for the climate conference in Glasgow underlines the international dimension.

Access to internationally aligned, high-quality ESG data is crucial for fund managers to manage sustainability risks and identify sustainable investment opportunities for their investors.

Frankfurt's application was supported by the Federal Ministry of Finance and Federal Ministry of Justice, the Hessian Ministry of Finance, Frankfurt Main Finance, Value Balancing Alliance and Wirtschaftsförderung Frankfurt, as well as a large number of industry associations (including BVI) and their member companies.

More information on the ISSB can be found here.

 


More about the BVI

Positions

Here you will find all our points of view and statements at a glance.

more
© iStock.com/imaginima

The fund industry

Find out why funds are important for business and society.

more
© iStock.com/artisteer

Members

In terms of assets under management, the BVI member companies together cover over 95 percent of the German market.

more
© iStock.com/grandriver
Combined Shape Created with Sketch.