Trustees decision on the ISSB expected in October

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Sep 28, 2021

On September 20, 2021, the IFRS Foundation Trustees held a video conference. The Trustees discussed progress on their work to establish a new board focused on sustainability-related disclosure standards (the proposed International Sustainability Standards Board—ISSB) under the IFRS Foundation’s governance structure.

The Trustees were provided with a briefing on the work of the Technical Readiness Working Group, which included the planning for the appropriate transfer of technical expertise, content and resources to the proposed ISSB and steps taken in order to provide the proposed ISSB with a ‘running start’. In addition, the Trustees were updated on (1) the capital funding and other support received from jurisdictions and (2) feedback received on the proposed amendments to the IFRS Foundation Constitution.

The next meeting is scheduled for the week of October 18, 2021. During that meeting, the Trustees will make a final determination about establishing the new board.

Review the full summary on the IASB’s website.

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