IFRS

The International Financial Reporting Standards Foundation has completed its consolidation with the Value Reporting Foundation.

Sustainability advocates and accountants say the ISSB’s proposals fall short of what’s needed to protect the environment.

The ESG standard-setter is merging into the recently formed International Sustainability Standards Board.

The board has postponed the expected completion date of its merger with the Value Reporting Foundation to August 1.

The International Sustainability Standards Board is reaching quorum strength with the latest appointments.

The Sustainability Accounting Standards Board held its final public meeting Wednesday ahead of the consolidation of its parent organization, the Value Reporting Foundation, into the International Sustainability Standards Board by the end of June.

The Sustainability Accounting Standards Board released a set of recommended changes to three of its remaining active projects as its parent organization prepares to be merged into the International Sustainability Standards Board at the end of this month.

The foundation laid out how it will be using the standards and the integrated reporting framework it is inheriting from the Value Reporting Foundation.

When the IFRS Foundation trustees put out their Consultation Paper on Sustainability Reporting, the accounting scientific community responded in unusually high numbers.

Finance ministers and central bank governors are asking the new board to go beyond climate change disclosures to set standards in other areas related to nature and social issues.

The board described some broad steps Wednesday to achieve the baseline by the end of the year.

The board is setting up a new working group of representatives from various jurisdictions around the world, including the SEC.

The IFRS Foundation is teaming up with CPA Canada to set up a Montreal center for the new board, in addition to a location in Frankfurt, Germany.

The board unveiled two proposed standards for general sustainability-related and specific climate-related disclosure requirements.

The competing sustainability standard-setters have come under increasing pressure in recent years to do more to align their sometimes conflicting standards.

The foundation is moving closer to establishing an International Sustainability Standards Board.

IASB vice-chair Sue Lloyd will become vice-chair of the new board, while Value Reporting Foundation CEO Janine Guillot will be special advisor to the ISSB's chair.

The board decided to initiate two new projects this month, even though it’s being absorbed into a new International Sustainability Standards Board by next June.

Emmanuel Faber's appointment follows the announcement made at the 2021 United Nations Climate Change Conference of the creation of the ISSB.

With the International Sustainability Standards Board being established, the number of groups setting sustainability standards is being winnowed down.