Pre-meeting summaries for the July 2022 ISSB meeting

  • ISSB meeting Image

15 Jul, 2022

The ISSB meets in Frankfurt on Wednesday 20 and Thursday 21 July 2022. We have posted our pre-meeting summaries for the meeting that allow you to follow the ISSB’s decision making more closely. We summarised the agenda papers made available by the ISSB and pointed out the main issues and recommendations.

The following topics are on the agenda:

Agenda priorities

The ISSB intends to publish a Request for Information (RFI) in the second half of 2022, to help it develop its work programme. The RFI will seek public views on (a) the strategic direction and balance of ISSB activities, (b) the suitability of proposed criteria for assessing the priority of sustainability-related matters and (c) a preliminary list of potential priority matters. The RFI will include a list of potential priority matters identified by the ISSB. The staff have developed a preliminary list to consider that includes general topics in alphabetical order: biodiversity, ecosystems and nature loss; circular economy, materials sourcing and value chains; climate change; cybersecurity, data security and customer privacy; economic inequality; human capital; human rights; and water and marine resources. The list also includes the existing standards and portfolio of standard-setting and research projects of the Value Reporting Foundation’s (VRF) Sustainability Accounting Standards Board (SASB) as well as potential projects to be undertaken in coordination with the International Accounting Standards Board (IASB). The ISSB is not asked to make any decisions at this meeting.

Overview of exposure drafts (S1 and S2) and feedback received as at 7 July 2022

On 31 March 2022, the ISSB published two exposure drafts (EDs): ED IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and ED IFRS S2 Climate-related Disclosures. The ISSB conducted outreach events including webinars, panel discussions, large group meetings and targeted meetings in order to educate stakeholders, drive engagement and obtain technical input. At this meeting, a summary of preliminary feedback gathered to date will be provided and the ISSB will not be asked to make any decisions.

Our pre-meet­ing summaries is available on our July meeting notes page and will be sup­ple­mented with our popular meeting notes after the meeting.

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