• The recent endorsement of ISSB Standards by international securities regulators, including a comprehensive review by the International Organization of Securities Commissions (IOSCO), could have a notable impact on SEBI's reporting requirements.
• SEBI being a signatory member of IOSCO since 2004 might consider adopting these globally accepted IFRS standards, which will have a shift in the current reporting formats and standards of SEBI. This shift will aim to align the current regulatory frameworks followed by the Indian companies with the best practices followed worldwide ,which will help foster greater consistency and comparability of financial information on a global scale.
• The potential adoption of ISSB Standards by SEBI also signifies a commitment to enhancing the credibility and transparency of financial reporting. By aligning with internationally recognized standards, SEBI can boost investor confidence and facilitate smoother capital flows. However, the transition to new reporting formats if any may pose implementation challenges for companies and stakeholders, necessitating a period of adaptation.

We can help you with integration of ISSB standards into Indian regulatory framework, possibly through replacing certain BRSR disclosures with 
corresponding disclosures ISSB standards.