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 consist of 15 members, including the Chair, each of whom are an expert in sustainability reporting. Two places on the TAC are reserved for a FRC member and a UKEB member to reflect the connectivity between UK-adopted international accounting standards, UK GAAP and UK Sustainability Reporting Standards.  The FRC provides the Secretariat for the TAC.  The members of teh TAC were appointed on 16 May 2024.

 

 

 

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