UK Sustainability Disclosure Technical Advisory Committee (TAC)
The UK Sustainability Disclosure Technical Advisory Committee (TAC) will provide recommendations to the Secretary of State for the Department for Business and Trade (DBT) on endorsing the International Sustainability Standards Board's (ISSB) IFRS Sustainability Disclosure Standards for use in the UK.
The TAC will provide a recommendation to DBT on whether use of an IFRS Sustainability Disclosure Standard would result in the disclosure of decision useful information for investors. In doing so the TAC will undertake comprehensive assessments of the IFRS Sustainability Disclosure Standards against matters set by the Secretary of State. The TAC will also advise whether any amendments to the IFRS Sustainability Disclosure Standards are necessary before the Standards can be endorsed for use in the UK.
The TAC will also have responsibility for influencing the ISSB’s technical work, including the way the ISSB develops its future standards and the ISSB's choices to amend or produce guidance on existing standards. It will be supported by the Financial Reporting Council (FRC).
The TAC will consist of an independent Chair and will include members from the following categories:
- Academics
- Accounting, audit and assurance providers
- Economists
- Investors and other users of sustainability reports
- Preparers of sustainability reports
- Analysts of sustainability information
- FRC
- UK Endorsement Board
