General Requirements for Disclosure of Sustainability-related Financial Information – International Sustainability Standards Board

Date recorded:

At its meeting on November 15-16, 2022, the ISSB met to redeliberate some of the proposals in the Exposure Draft. The ISSB discussed feedback relating to the current and anticipated financial effects of sustainability-related risks and opportunities on financial performance, financial position and cash flows. The ISSB also discussed feedback on the requirements for disclosing connected information. To inform future staff recommendations, the ISSB discussed illustrative examples of disclosures that may arise from the application of these requirements. The ISSB was not asked to make any decisions. The ISSB also discussed the proposed requirement for an entity to disclose comparative information that reflects updated estimates, and made tentative decisions in this regard. Lastly, the ISSB discussed the proposed requirement for an entity to report its sustainability-related financial disclosures at the same time as its related financial statements, and tentatively decided that an entity should do so, subject to certain short-term transitional relief. The ISSB will continue to redeliberate the proposals in the Exposure Draft at future meetings.

Review the ISSB Update and podcast on the Board's Web site.

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