Former World Bank Vice President Jingdong Hua has been appointed as Vice-Chair of the International Sustainability Standards Board (ISSB).
Hua will be responsible for overseeing the development and implementation of the ISSB’s strategies to support and include stakeholders in emerging and developing economies as well as small and medium-sized companies.
This means he is more responsible for day-to-day, on-the-ground matters while the other vice-chair, Sue Lloyd, is responsible for the overall organisation of the ISSB’s work and its technical staff.
She also oversees the connection between the ISSB and the International Accounting Standards Board to ensure the two boards’ requirements are complementary.
Hua will bring his experience in international finance and development to the board and aim to create standards that can be implemented global.
Hua will oversee the development and implementation of the ISSB’s strategies to ensure they support and include stakeholders across developing economies.
“Sustainability is a defining issue for our generation,” Hua said. “I am thrilled to join the ISSB and look forward to working with partner organisations and institutions to deliver capacity building initiatives on sustainability disclosures, both internationally and with particular focus on emerging and developing economies.”
In his former role at the World Bank, his responsibilities included driving sustainable finance capacity building programmes, green bond initiatives and also previously working as Administrator of the World Bank Group Pension Fund.
Hua has also served as Vice President and Treasurer of the International Finance Corp and Deputy Treasurer of the Asian Development Bank.
ISSB Chair Emmanuel Faber said, “Our dual vice-chair model will enable us to equally focus and deliver on our two priorities: developing our standards with a high sense of momentum through quality processes, and truly embedding global inclusiveness and adoption considerations in our work from inception.”
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