Question

He International Sustainability Standards Board (ISSB) was established to develop a comprehensive global baseline of sustainability climate-related disclosure requirements. Statement 2 The International Sustainability Standards Board (ISSB) was established to deliver a comprehensive global baseline of general sustainability-related disclosure requirements of Sustainability-related Financial Information.

a. Statement 1 is correct and statement 2 is incorrect
b. Both statements are correct
c. Neither statements are correct
d. Statement 1 is false, but statement 2 is true

Answer 1

The ISSB focuses on providing global standards for sustainability disclosures, including both climate-related and general financial information, making both given statements correct.

Step-by-step explanation:

The International Sustainability Standards Board (ISSB) was indeed established with the aim of developing and providing a set of global standards for sustainability disclosures. This includes a comprehensive focus on both climate-related and general sustainability-related financial information. Therefore, statement 1 that emphasizes climate-related disclosure requirements and statement 2 that broadens the scope to general sustainability-related financial information are both accurate reflections of the ISSB's objectives. Thus, the correct answer is that both statements are correct: b. Both statements are correct.