ISSB forms working group to enhance compatibility between global baseline and jurisdictional initiatives
Apr 27, 2022
On April 27, 2022, the International Sustainability Standards Board (ISSB) formed a working group comprised of several jurisdictions to enhance the compatibility between the ISSB’s exposure drafts on sustainability disclosures and jurisdictional initiatives.
Specifically, the working group will “discuss compatibility of those initiatives to establish how the global baseline, fully responding to the needs of global market participants, can contribute to optimizing reporting efficiency for companies in those jurisdictions and how those jurisdictions can build upon the global baseline according to their needs.”
The working group consists of members from the Chinese Ministry of Finance, the European Commission, the European Financial Reporting Advisory Group, the Japanese Financial Services Authority, the Sustainability Standards Board of Japan Preparation Committee, the United Kingdom Financial Conduct Authority and the US Securities and Exchange Commission.
Review the press release on the IFRS Foundation’s website.
Related Topics
- IFRS Foundation consultation on amending its Constitution to establish an International Sustainability Standards Board (ISSB) [Completed]
- Recent Developments with respect to Sustainability Reporting [Completed]
- ISSB: Climate-related Disclosures [ED]
- ISSB: General Requirements for Disclosure of Sustainability-related Financial Information [ED]
