New resource page on the IFRS Foundation Trustees' sustainability reporting initiative
01 Sep, 2021
We have set up a new resource page on UK Accounting Plus that pulls together information regarding the background, an overview of developments, and news regarding the IFRS Foundation Trustees' project on sustainability-related reporting.
In the context of their periodic strategy review, the IFRS Foundation Trustees published a consultation paper in September 2020 to determine:
- whether there is a need for global sustainability standards;
- whether the IFRS Foundation should play a role in developing such standards; and
- what the scope of that role could be.
Feedback to the consultation confirmed an urgent need for global sustainability reporting standards and support for the Foundation to play a role in their development. Since the start of 2021, the Trustees have, therefore, worked towards the potential creation of a new standard-setting board within the existing governance structure of the IFRS Foundation.
Please click for more information on our new dedicated resource page.