ISSB presence in Montreal announced

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Apr 06, 2022

On April 6, 2022, the IFRS Foundation and Chartered Professional Accountants of Canada (CPA Canada) announced an agreement to establish the Montreal centre of the International Sustainability Standards Board (ISSB). While the main seat of the International Sustainability Standards Board (ISSB) will be in Frankfurt, the IFRS Foundation aims for a global footprint by establishing regional hubs in all regions. A memorandum of understanding has now been signed that establishes the Montreal presence of the ISSB.

The Montreal centre will host key functions on behalf of the ISSB, including the coordination of activity across the Americas. The five-year agreement states that Montreal will host significant standard-setting responsibilities and associated functions, including a share of board meetings, leadership and resources.

Review the press release on the IFRS Foundation's website.

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