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This ISSB Update highlights preliminary decisions of the International Sustainability Standards Board (ISSB). Projects affected by these decisions can be found on the work plan. The ISSB's final decisions on IFRS® Sustainability Disclosure Standards are formally balloted as set out in the IFRS Foundation's Due Process Handbook.

The ISSB met on 20–21 July 2022 in Frankfurt.

Research and standard-setting

General Sustainability-related Disclosures and Climate-related Disclosures (Agenda Paper 2)

The ISSB met on 21 July 2022 to review a summary of preliminary feedback gathered during meetings with stakeholders on the exposure drafts, IFRS S1 General Sustainability-related Disclosure Requirements and IFRS S2 Climate-related Disclosures.

The ISSB was not asked to make any decisions.

Next step

The ISSB will discuss feedback from comment letters, survey responses, market engagement activities and other meetings with stakeholders at public meetings. The comment period for both exposure drafts ends on 29 July 2022.

Strategy and governance

Consultation on Agenda Priorities (Agenda Paper 1)

The ISSB met on 20 July 2022 to discuss its approach to preparing a request for information to consult the public on its agenda priorities. The request for information will inform the development of the ISSB's two-year work plan.

The ISSB discussed:

  • its approach to developing the request for information, including steps already completed and expected next steps;
  • the strategic balance of the ISSB's activities; and
  • its criteria for assessing proposals to be included in the work plan.

The ISSB was not asked to make any decisions.

Items to be considered in development of Request for Information (Agenda Paper 1A)

The ISSB discussed items to consider as it prepares a request for information to obtain stakeholder feedback on its agenda priorities. The ISSB discussed a preliminary list of:

  1. broadly defined topics;
  2. industry-based requirements and the Sustainability Accounting Standards Board's project portfolio; and
  3. potential projects to be undertaken in coordination with the International Accounting Standards Board.

The ISSB was not asked to make any decisions.

Next step

The ISSB will review further research and consider additional feedback from stakeholders before deciding which projects to include in the request for information. The request for information is expected to be published in the second half of 2022.