Canadian Consultation: International Applicability of the SASB Standards
Jun 12, 2023
On June 12, 2023, FRAS Canada has published its Exposure Draft which corresponds to the International Sustainability Standards Board’s own Exposure Draft, Methodology for Enhancing the International Applicability of the SASB Standards and SASB Standards Taxonomy Updates released on May 23, 2023. FRAS Canada expects gaining feedback on the proposed amendments designed to enhance the international applicability of the SASB Standards. The amendments are intended to make the SASB Standards applicable in any jurisdiction and suitable for entities applying IFRS Accounting Standards or any other generally accepted accounting principle (GAAP).
The ISSB seeks feedback on the following components:
- the objective and effectiveness of the proposed methodology to update SASB Standards metrics
- the hierarchy, impacts, and criteria associated with the five proposed revision approaches;
- the proposed methodology to update the SASB Standards Taxonomy; and
- the considerations to inform future SASB Standards refinement.
Review consultation on the FRAS Canada website.