Future collaboration between ISSB and GRI

  • ISSB Image
  • GRI (Global Reporting Initiative) Image

Jun 23, 2022

In March 2022, the International Sustainability Standards Board (ISSB) and the Global Reporting Initiative (GRI) announced a Memorandum of Unterstanding that aims at coordinating the work programmes and standard-setting activities of the two organizations. More detailed ideas of how this could be achieved have now been published.

These ideas are the outcome of a first meeting of technical representatives from both organizations where activities were discussed that could provide the necessary clarification and alignment. Among the initiatives discussed were:  

  • An agreed schedule of meetings and roadmap to advance technical aspects of the collaboration;
  • a mapping exercise to establish those requirements in the literature of both organizations that are equivalent;
  • the development of a methodology to cross-reference between the respective guidance;
  • an examination of future priorities; and
  • the development of a full articulation of the ways in which the respective standards are complementary or diverge.

Review a full outline of the planned collaboration on the IFRS Foundation's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.