The IFRS Foundation is a not-for-profit, public interest organisation established to develop high-quality, understandable, enforceable and globally accepted accounting and sustainability disclosure standards.
Our Standards are developed by our two standard-setting boards, the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB).
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On 3 November 2021, at COP26, the IFRS Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB).
The ISSB will deliver a global baseline of sustainability disclosures to meet capital market needs.
Please find below a brief summary of news and events from the IFRS® Foundation over the past month:
The IFRS Foundation Trustees announced the appointment of former World Bank Vice President, Jingdong Hua, as a second Vice-Chair of the International Sustainability Standards Board (ISSB), effective from October 2022.
Separately, the Trustees appointed Jenny Bofinger-Schuster, Hiroshi Komori and Veronika Pountcheva to the ISSB.
The recruitment of members to the ISSB is now complete.
The ISSB has received more than 1,300 comment letters on its two proposed sustainability disclosure standards.
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