Please find below a summary of news and events from the IFRS® Foundation over the past month:
The International Sustainability Standards Board (ISSB), established at COP26 to develop a comprehensive global baseline of sustainability disclosures for the capital markets launched a consultation on its first two proposed standards on 31 March.
Along with the release of the exposure drafts, ISSB Chair Emmanuel Faber and Vice-Chair Sue Lloyd have communicated plans for building upon the SASB Standards and for embedding SASB’s industry-based standards development approach into the ISSB’s standards development process.
The IFRS Accounting Taxonomy enables electronic reporting of financial information prepared in accordance with IFRS Accounting Standards.
The IFRS Foundation and Global Reporting Initiative (GRI) have announced a collaboration agreement under which their respective standard-setting boards, the International Sustainability Standards Board (ISSB) and the Global Sustainability Standards Board (GSSB), will seek to coordinate their work programmes and standard-setting activities.
Registrations are open for the IFRS Foundation’s annual conference, which will be held in London on 23–24 June 2022 and include updates on the work of both the IASB and the ISSB.
He discussed what the IASB has in place in IFRS Accounting Standards for reporting on sustainability-related matters in the financial statements and where the IASB may go in the future.
The Trustees of the IFRS Foundation have signed Memoranda of Understanding (MoUs) with German public and private sector institutions to formalise the partnerships and funding arrangements required to establish the presence of the International Sustainability Standards Board (ISSB) in Frankfurt.
The Trustees of the IFRS Foundation have announced the appointment of Bruce Mackenzie as the new Chair of the IFRS Interpretations Committee, succeeding Sue Lloyd.
The Trustees of the IFRS Foundation invite applications for candidates to serve on the IFRS Interpretations Committee, which works with the IASB to support consistent application of IFRS Accounting Standards.