IFRS Foundation to assume TCFD monitoring duties as ISSB Standards pave the way for global sustainability reporting
Jul 10, 2023
On July 10, 2023, the IFRS Foundation welcomed the completion of the Task Force on Climate-related Financial Disclosures’ (TCFD) work and the transfer of monitoring responsibilities to the ISSB starting in 2024.
The Financial Stability Board (FSB), which oversees the TCFD, acknowledged that the ISSB standards mark the culmination of the TCFD’s work since its establishment in 2017. The FSB has now requested the IFRS Foundation to take over monitoring companies’ progress in disclosing climate-related information, a responsibility previously held by the TCFD.
The Financial Stability Board (FSB), which oversees the TCFD, acknowledged that the ISSB standards mark the culmination of the TCFD’s work since its establishment in 2017. The FSB has now requested the IFRS Foundation to take over monitoring companies’ progress in disclosing climate-related information, a responsibility previously held by the TCFD.
Access the news release on the IFRS Foundation website.
