The research projects aim to determine the specific disclosures investors need to evaluate sustainability-related risks and opportunities in these sectors. As per the IFRS S1, entities are currently required to provide these disclosures with the help of sources of guidance (including the SASB standards).

As with the approach to the ISSB’s inaugural Standards, the ISSB will look at how it might build from relevant pre-existing initiatives. This includes those already under its purview—the SASB Standards and CDSB guidance—and, additionally, relevant aspects of the work of the Task Force on Nature-related Financial Disclosures (TNFD).

With the research projects, the ISSB will now undertake its standard-setting to provide more specific disclosure requirements and expand the global baseline of sustainability-related financial disclosures.

The ISSB has also decided not to begin a project related to integration in reporting at this time. However, the ISSB has agreed to monitor developments in this area closely and may consider including such a project in future agenda consultations. In the January 2024 joint IASB-ISSB meeting, the boards noted that they still support the Integrated Reporting Framework regardless of decisions made about their respective work plans.

Access the press release on the IFRS’s website.