The Trustees of the IFRS Foundation have confirmed the appointment of seven organisations and representatives to the Sustainability Consultative Committee (SCC). This follows the completion of the International Sustainability Standards Board (ISSB) member appointments announced in August.
The SCC is formed of four permanent multilateral member organisations―the International Monetary Fund, the Organisation for Economic Co-operation and Development (OECD), the United Nations and the World Bank. Alongside these permanent organisations, seven additional expert members have now been appointed.
The SCC’s remit is to identify, inform and advise the ISSB on priority sustainability matters and related technical protocols, as well as significant interdependencies between sustainability matters. It will provide a consultative and advisory forum where members can constructively contribute towards the achievement of the ISSB’s goal of developing globally accepted, high-quality sustainability disclosure standards.
All meetings will be conducted in public and will be streamed online for the benefit of stakeholders and observers around the globe. Agenda papers, public notes and a meeting summary will be posted on the meeting pages. The first meeting will take place on 15 September.
ISSB Chair Emmanuel Faber and ISSB Vice-Chair Jingdong Hua, who starts his term in October 2022, will share the responsibilities of Chair of the SCC.
Emmanuel Faber, Chair of the ISSB, said:
With these appointments, this body is now a fully operational part of the ISSB’s global consultative approach. The contributions and insights of the committee will be an invaluable resource as we look to build on existing knowledge and incorporate global inclusiveness into our work.
Jingdong Hua, Vice-Chair of the ISSB, said:
This is one of several crucial advisory bodies that will support the ISSB’s work. The SCC provides us with a mechanism to draw upon the expertise of other multilateral organisations as we look to build standards that can be adopted globally.