As an ESG Consultant in Dubai in 2020, there were several noteworthy consolidations of ESG reporting foundations. The International Financial Reporting Standards (IFRS) Foundation announced the creation of the International Sustainability Standards Board (ISSB) at the COP22 climate conference in November 2020. The IFRS Foundation Trustees, who also manage the International Accounting Standards Board, will be in charge of the ISSB (IASB). The ISSB was established and structured such that the IFRS Substance would treat financial accounting and sustainability accounting equally.