FRC responds to International Sustainability Standards Board's request on digital reporting taxonomy
12 Sep, 2022
The Financial Reporting Council (FRC) has published its response to the International Sustainability Standard Board's (ISSB's) request for feedback to inform future development of the IFRS Sustainability Disclosure Taxonomy for Digital Reporting.
The FRC welcomes the oppportunity to respond and engage with the ISSB staff on the future development of the IFRS Sustainability Disclosure Taxonomy and believes that ensuring that the ISSB disclosures can be digitally reported and consumed is 'key to optimising the usability and usefulness of sustainability reporting'. The FRC's letter highlights a number of overarching comments for consideration during the development of the taxonomy and should be read alongside its responses to the IFRS S1 and S2 Exposure drafts.
A press release and the FRC's response are available on the FRC website.
