ISSB Consultation on its Agenda Priorities [ED]
Comments were requested by (i) FRAS Canada on August 4, 2023 and (ii) ISSB on September 1, 2023 |
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Next steps: |
The ISSB will decide which new research and standard-setting projects to add to the work plan. |
Last updated: |
March 2024 |
Overview
On May 4, 2023, the International Sustainability Standards Board (ISSB) issued a Request for Information seeking stakeholder feedback on its priorities for its next two-year workplan.
This agenda consultation is intended to inform the ISSB’s new work plan following completion of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Financial Disclosures. The feedback will help shape the ISSB’s thinking and inform the allocation of the ISSB’s time and resources.
Based on research into the information needs of investors, the ISSB has identified four potential projects
Three sustainability-related research projects:
- biodiversity, ecosystems, and ecosystem services
- human capital
- human rights
One project to researching integration in reporting.
Stakeholders are asked to provide feedback, preferably via online survey, on the ISSB's strategic direction and balance of activities, the criteria for prioritizing sustainability matters, and the scope and structure of potential new research and standard-setting projects.
Stakeholders are also asked whether relevant information on sustainability-related risks and opportunities differs by specific industries, sectors or geographic locations.
The ISSB has already committed to balancing advancing new projects in a timely manner with its focus on ensuring the comprehensive global baseline of sustainability-related disclosures, delivered through its initial two Standards, is implemented effectively. This includes a commitment to support the enhancement and maintenance of the SASB Standards.
The Request for Information Consultation on Agenda Priorities was open for comments until September 1, 2023.
On June 12, 2023, FRAS Canada issued its Exposure Draft which corresponds to the ISSB’s Consultation on this topic.
For further details refer to the ISSB’s project page on its website
Other developments
July 2023
In July 2023, the ISSB staff updated the work plan to indicate that the ISSB plans to review the feedback on the request for information in Q4 2023
June 2023
On June 12, 2023, FRAS Canada issued its Exposure Draft which corresponds to the ISSB’s Consultation on this topic.
February 2023
On February 27, 2023, the ISSB staff updated the work plan to indicate that the ISSB plans to issue the Request for Information in May 2023.
January 2023
On January 30, 2023, the IASB staff updated the work plan to indicate that the ISSB plans to issue the Request for Information in Q2/2023.
October 2022
On October 25, 2022, the IASB staff updated the work plan to indicate that the Board plans to issue a Request for Information in December 2022.
July 2022
On July 25, 2022, the IASB staff updated the Work Plan to add a new ISSB project relating to a request for information to guide its agenda priorities.