Enhancing the SASB Standards—Phase 1

The ISSB met on 26 February 2026 to discuss:

• stakeholder feedback on the Exposure Draft Proposed Amendments to the SASB Standards and the next steps for the project (Agenda Paper 6A);
• a prospective exposure draft of proposed amendments to three SASB Standards (Agenda Paper 6B); and
• proposed consequential amendments to the Industry-based Guidance on Implementing IFRS S2 (IFRS S2 industry-based guidance) (Agenda Paper 6C).

Stakeholder feedback and project next steps (Agenda Paper 6A)

The ISSB discussed a summary of stakeholder feedback on the Exposure Draft regarding the ISSB’s execution of its 2024–2026 work plan and the strategy for the next steps of the project.

The ISSB decided to continue executing the project on Enhancing the SASB Standards as set out in the ISSB’s 2024–2026 work plan, including:

1. to proceed with the finalisation of the proposals in the Exposure Draft;
2. to consider ratifying a prospective exposure draft as set out in Agenda Paper 6B; and
3. to start planning the next phase of the project.

All 12 ISSB members agreed with these decisions.

The ISSB also decided to respond to strategic stakeholder feedback separately from the project. 

All 12 ISSB members agreed with this decision.

Ratification of proposed amendments to the SASB Standards (Agenda Paper 6B)

The ISSB discussed a prospective exposure draft, which would set out proposed amendments to the remaining three of the 12 SASB Standards the ISSB has prioritised for enhancement.

The ISSB decided to ratify the exposure draft.

Eleven of 12 ISSB members agreed with this decision.

One ISSB member indicated an intention to dissent from the proposals in the exposure draft.

The ISSB also decided:

1. to set a 120-day comment period for the exposure draft; and
2. to confirm it is satisfied the ISSB has complied with the applicable due process steps required to publish the exposure draft.

All 12 ISSB members agreed with these decisions.

The ISSB tentatively decided to set an effective date for the amendments of 12–18 months after they are issued and to permit early application.

All 12 ISSB members agreed with this decision.

Due process steps and permission to ballot amendments to the Industry-based Guidance on Implementing IFRS S2 (Agenda Paper 6C)

The ISSB tentatively decided to propose in the prospective exposure draft amendments to the IFRS S2 industry-based guidance to maintain alignment with the climate-related content in the SASB Standards.

All 12 ISSB members agreed with this decision.

All 12 ISSB members confirmed they were satisfied the ISSB has complied with the applicable due process requirements to begin the process for balloting the proposed amendments to the IFRS S2 industry-based guidance.

The ISSB tentatively decided to set an effective date for the amendments of 12–18 months after they are issued and to permit early application.

All 12 ISSB members agreed with this decision.