The International Sustainability Standards Board (ISSB) published IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures in June 2023.

The responses to the call for evidence will be used to inform the UK Sustainability Disclosure TAC’s technical assessment for endorsing IFRS S1 and IFRS S2.  In particular, the call for evidence is designed to identify views on whether the disclosures required by the IFRS Sustainability Disclosure Standards, in the context of the UK:

• will result in disclosures that are understandable, relevant, reliable and comparable for investors;
• are technically feasible to prepare;
• can be prepared on a timely basis and at the same time as general purpose financial reports; and
• are expected to generate benefits that are proportionate to the costs that are likely to be incurred.

The call for evidence is open until 11 October 2023.  

A press release, the call for evidence and template response are available on the FRC website.