MOF Basic Standards for Corporate Sustainability Disclosure

In plain language

What this law does

The national ISSB-aligned baselineCloseDictionary termBaselineA documented reference condition, value or scenario against which change is assessed, defined for a specific indicator, population, boundary and point or period in time.Read the full definition →: disclosure of sustainabilityCloseDictionary termSustainabilityThe capacity to maintain valued social, ecological and economic functions over time without depleting the foundations on which they depend or shifting unacceptable costs to others.Read the full definition → risks, opportunities and impacts (financial AND impact materialityCloseDictionary termImpact materialityImpact materiality is the assessment of whether an organisation's activities, relationships or value chain have significant actual or potential effects on people or the environment.Read the full definition →) across four elements — governance, strategy, risk/opportunity management, metrics and targets.