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 in Frankfurt on 19 April 2023.
Contents
Research and standard-setting
Strategy and governance
Research and standard-setting
International Applicability of the SASB Standards (Agenda Papers 8A–8B)
The ISSB met on 19 April 2023 to ratify and discuss the due process steps taken to develop the Exposure Draft Methodology for Enhancing the International Applicability of the SASB Standards and SASB Standards Taxonomy Updates.
The ISSB decided:
- to ratify the Exposure Draft; and
- to allow 90 days for comment on the Exposure Draft.
All 14 ISSB members agreed with these decisions.
All 14 ISSB members confirmed they are satisfied the ISSB has complied with the applicable due process requirements.
Next step
The ISSB expects to publish the Exposure Draft in May 2023. Feedback from stakeholders on the Exposure Draft will inform how the ISSB proceeds with the proposed amendments to the SASB Standards and corresponding updates to the SASB Standards Taxonomy.
Strategy and governance
ISSB Consultation on Agenda Priorities (Agenda Paper 2)
The ISSB met on 19 April 2023 to discuss the due process steps taken to develop the draft request for information on the ISSB’s agenda priorities. Feedback from stakeholders responding to the request for information will inform the ISSB’s two-year work plan.
All 14 ISSB members confirmed they were satisfied the ISSB has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to publish the request for information.
The ISSB decided:
- to allow 120 days for comment on the request for information; and
- to publish the request for information for public comment.
All 14 ISSB members agreed with these decisions.
Next step
The ISSB expects to publish the request for information in May 2023.
