We have commented on the ISSB's consultation on agenda priorities.

We think it is vital that the ISSB develops a suite of standards that address sustainability topics comprehensively and makes timely progress towards their issuance. In our view, this is essential to achieve the global baseline.

We recommend that the ISSB prioritises supporting the implementation of ISSB standards IFRS S1 and IFRS S2 and the development of standards on human capital and certain topics relating to biodiversity.

We also suggest that a project on a ‘just transition’ to a lower-carbon economy is taken forward as a cross-cutting project. Addressing climate change successfully requires considering a just transition, including human capital and aspects of biodiversity and human rights, as well as having regard to the needs of developing economies and their transition pathways. As such, we think the topic deserves a more focused standard-setting effort than implied in the consultation, with the potential of being completed reasonably quickly.

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