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The International Sustainability Standards Board (ISSB) has issued its first two ESG reporting exposure drafts for comment: one on general disclosure requirements and one on climate-related disclosure requirements. This week, Heather Horn was joined by Andreas Ohl, a partner in PwC’s National Office, to dive into the proposal and why they matter for US companies.

In this episode, you will hear:

• 1:17 - Background on the ISSB’s international role and where it fits in the global ESG reporting landscape
• 7:43 - An overview of the general themes and goals in the ISSB’s first two exposure drafts
• 19:54 - An explanation of how the concept of enterprise value is used in the proposal
• 24:05 - The types of information companies would be required to disclose under each proposal
• 29:36 - How the ISSB proposal incorporates industry-specific metrics and disclosures
• 33:31 - A discussion of the proposed GHG emission requirements
• 40:51 - Final thoughts and financial reporting considerations across the SEC, ISSB, and CSRD proposals

Want to learn more about the proposals? Listen to our previous podcasts that compare the SEC proposal to the ISSB and CSRD proposals, provide PwC’s perspective on the SEC's proposal, and related implementation considerations. 

Andreas Ohl is a partner in PwC's National Office focused on thought leadership, standard setting, and mergers and acquisitions under US GAAP and IFRS. In addition to his US responsibilities, he leads the sustainability topic team for the PwC global network. Andreas is chairman of the Business Valuation Standards Board at the International Valuation Standards Council, is a member of the working group that authored the AICPA's in-process R&D guide, and has served as a member of the FASB's Valuation Resource Group.

Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].