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In brief

International investors with global investment portfolios are increasingly calling for high quality, transparent, reliable and comparable reporting by companies on climate and other environmental, social and governance (ESG) matters.

The IFRS Foundation Trustees are working on the creation of a proposed new standard-setting board—International Sustainability Standards Board (ISSB)—to help meet this demand.

The intention is for the ISSB to deliver a global baseline of sustainability-related disclosure standards that provide investors and other capital market participants with decision-useful information about companies’ sustainability-related risks and opportunities to help them make informed decisions.

Work on the proposed new board follows a public consultation in 2020, which confirmed that there is demand for global standards and broad support for the Foundation to play a role in developing such standards.

Working groups support preparations for the proposed new board at strategic, technical and operational levels, in parallel with the Trustees working to ensure all their identified success criteria can be satisfied.

The aim of the Trustees is to make a final determination about the new board by COP26 in Glasgow in November.

Sustainability-related Reporting project

The Sustainability-related Reporting project page, accessible via the Foundation's work plan or the button below, records the progression of the IFRS Foundation Trustees' work to broaden the Foundation's remit to also include sustainability-related disclosure standards. For the convenience of users, the project's news is duplicated on this hub's news tab.

Stay up to date

If you're interested in staying up to date with the Trustees' work on the proposed International Sustainability Standards Board, simply follow this page using the toggle at the top. You'll need to be a free registered user. Make sure you enable email notifications in your settings to be alerted whenever we publish news about this project.

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