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

Date recorded:

At its meeting on September 20-23, 2022, the ISSB met (i) to discuss the summary of comments on its Exposure Draft, General Requirements for Disclosure of Sustainability-related Financial Information (draft S1) and its Exposure Draft Climate-related Disclosures (draft S2); (ii) to discuss the proposed plan for redeliberating draft S1 and draft S2; (iii) to explore amending the proposals in draft S1 and draft S2 to introduce mechanisms that allow entities with varied capabilities and preparedness to apply these proposals—reducing the potential burden on entities. These mechanisms are referred to as mechanisms for addressing ‘scalability’; and (iv) to discuss the matters raised in the feedback on the proposals for financed and facilitated emissions in draft S2 and the preliminary proposed approach to redeliberations following that feedback. The ISSB tentatively decided on the topics for redeliberation of draft S1: enterprise value; breadth of reporting required; 'significant’ sustainability-related risk or opportunity; identifying significant sustainability-related risks and opportunities and disclosures (including using the materials of other standard-setters); application of the materiality assessment; connected information; and frequency of reporting. The ISSB also tentatively decided that mechanisms should be identified to enable disclosure requirements to be scalable, when relevant.

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