IFRS

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.

The foundation aims to combine the organizations by June 2022.

Accounting standards, measurements of risk and return and thematic-driven strategies have all been refined and improved in recent years.

The International Accounting Standards Board proposed to reduce the disclosure requirements for eligible subsidiaries under International Financial Reporting Standards.