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The IFRS Foundation’s International Sustainability Standards Board (ISSB) will hold its first board meeting on 20-21 July 2022 in Frankfurt, reaching an important milestone since its creation announced at COP26 in November 2021.

The ISSB’s remit is to develop sustainability disclosure standards for capital markets.

At the July meeting, the ISSB will begin its discussions on its future priorities and on feedback from stakeholders on the two proposed IFRS Sustainability Disclosure Standards, which are out for public consultation until 29 July 2022.

The ISSB is not expected to make any technical decisions during this first meeting and will continue its discussion of stakeholder feedback after the consultation closes.

The agenda and meeting papers for the ISSB's July meeting meeting have now been published.

Recognised process

The ISSB follows the IFRS Foundation’s highly respected due process in setting out its work plan and in developing sustainability-related disclosure standards. This due process is built on the principles of transparency, full and fair consultation, and accountability. The due process requires ISSB technical discussions to take place in public meetings. Stakeholders can download all meeting papers and observe the meetings online or watch recordings on the relevant meeting page.

Information about how to observe the July meeting online is available on the dedicated meeting page. Observers to the ISSB’s meetings can only be accommodated online due to capacity constraints at the IFRS Foundation’s interim ISSB offices in Frankfurt.

After the ISSB’s public meeting, a podcast and a written summary of the discussions and decisions, the ISSB Update, will be published.

The due process is described in the Due Process Handbook1 and is overseen by the IFRS Foundation Trustees’ Due Process Oversight Committee.

Future meetings

The next ISSB meeting will be held in Frankfurt on the week commencing 19 September. To reflect the ISSB’s global footprint and multi-location model, the ISSB’s future meetings will be held in different locations. The October meeting will be held in Montreal on the week commencing 17 October.

To follow the ISSB’s work and to observe future meetings, you can register to receive alerts.

Why follow the meeting?

 


 

1The Due Process Handbook will be updated to reflect the creation of the ISSB―in the meantime the ISSB will follow the due process specified for the IASB in its technical activities, as confirmed by the IFRS Foundation Trustees in March 2022.

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