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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 in Frankfurt on 13 March 2024.

Strategy and governance

ISSB Consultation on Agenda Priorities (Agenda Paper 2)

The ISSB met on 13 March 2024 to decide the strategic direction and balance of its activities for the two-year period of the ISSB’s next work plan. 

The ISSB tentatively decided it will: 

  1. begin new research and standard-setting projects;
  2. support the implementation of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures
  3. enhance the SASB Standards;
  4. pursue connectivity between the requirements in IFRS Sustainability Disclosure Standards and IFRS Accounting Standards;
  5. seek to ensure IFRS Sustainability Disclosure Standards are interoperable with other sustainability standards; and
  6. engage with stakeholders.

All 14 ISSB members agreed with these decisions.

The ISSB also tentatively decided:

  1. to place a high level of focus on supporting the implementation of IFRS S1 and IFRS S2;
  2. to place a slightly lower level of focus on enhancing the SASB Standards and on beginning new research and standard-setting projects and to give these activities equal attention;
  3. to reserve resources to give the ISSB flexibility; and
  4. not to specify a level of focus on connectivity, interoperability and engaging with stakeholders, acknowledging that these activities are integral to all of the ISSB’s work.

All 14 ISSB members agreed with these decisions.

Next step

The ISSB will decide which new research and standard-setting projects to add to the work plan.