ISSB chair Emmanuel Faber explained the jurisdictional ‘passporting’ project in a speech at the IFRS Foundation’s 2026 International Sustainability Conference in Beijing today (11 May).
He said: “[It] would allow, in those jurisdictions, foreign private issuers and subsidiaries of international companies that operate in a domestic jurisdiction to report against the requirements in that particular jurisdiction using the ISSB Standards as issued by the ISSB.”
“ISSB passporting facilitates trade and foreign direct investment by allowing use of the simplest, original language that was issued and declared fit for purpose by IOSCO when they endorsed the ISSB Standards,” Faber added. “I have to say that initiative is finding some traction among the members of the jurisdictional adopters working group.”