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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.
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The IFRS Foundation has published IFRS Accounting Taxonomy 2022—Proposed Update 1 General Improvements and Common Practice.
The proposed changes aim to improve the quality of tagged data and to make the IFRS Accounting Taxonomy easier to use.
The proposed changes include:
The deadline for submitting comments was 16 December 2022.
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