On June 26, 2023, the International Sustainable Standards Board (ISSB) launched the IFRS Sustainability 1 (general requirements standard) and the IFRS Sustainability 2 (climate standard) to align and foster sustainability-related disclosures at a company level in capital markets around the globe. For those who have expected a further standard to classify companies with regard to their sustainability or to receive some kind of rating, the release of the new standards might have been a disappointment. That said, the ISSB Standards had, like the SFDR regulation, never had the purpose to be used to classify or rate a company. The ISSB