Chairman of the IFRS Foundation Trustees presents sustainability consultation paper at ISAR 37, engages in panel discussion
Nov 05, 2020
On November 5, 2020, the International Accounting Standards Board (IASB) released a speech by Erkki Liikanen, Chairman of the IFRS Foundation Trustees, given at the thirty-seventh session of the United Nations Conference on Trade and Development (UNCTAD) Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR). Mr. Liikanen introduced the Trustees' consultation paper that was published in September to assess demand for global sustainability standards and what role the Foundation might play in the development of such standards.
During the introduction of the consultation paper Mr. Liikanen noted that when the challenges are global, the most optimal solution would be global. He explained that there have calls for the IFRS Foundation to play a role in this area as the Foundation has a well-established model of global standard-setting, working in close cooperation with both public and private stakeholders.
The presentation was followed by a lively panel discussion on "Climate-related financial disclosures in mainstream entity reporting: Good practices and key challenges", that among other speakers saw participation of representatives of TCFD, CDSB, CDP, and UNEP FI.
Review the following additional information:
- Transcript of Mr. Liikanen's presentation on the IASB's website
- Recording of the entire session (two hours) on the UNCTAD website (please scroll down and choose 5/11/2020, 14:00) - this option also offers Arabic, Chinese, French, Russian, and Spanish translations of the presentations and discussion
