Future collaboration between ISSB and GRI
23 Jun, 2022
In March 2022, the International Sustainability Standards Board (ISSB) and the Global Reporting Initiative (GRI) announced a Memorandum of Understanding that aims at coordinating the work programmes and standard-setting activities of the two organisations. More detailed ideas of how this could be achieved have now been published.
These ideas are the outcome of a first meeting of technical representatives from both organisations where activities were discussed that could provide the necessary clarification and alignment. Among the initiatives discussed were:
- An agreed schedule of meetings and roadmap to advance technical aspects of the collaboration;
- a mapping exercise to establish those requirements in the literature of both organisations that are equivalent;
- the development of a methodology to cross-reference between the respective guidance;
- an examination of future priorities; and
- the development of a full articulation of the ways in which the respective standards are complementary or diverge.
Please click to access a full outline of the planned collaboration on the IFRS Foundation website.
