IFRS Foundation Trustees' sustainability reporting initiative

Leaf - sustainability (green)



In the context of their periodic strategy review, the IFRS Foundation Trustees published a consultation paper in September 2020 to determine:

  • whether there is a need for global sustainability standards;
  • whether the IFRS Foundation should play a role in developing such standards; and
  • what the scope of that role could be.

Feedback to the consultation confirmed an urgent need for global sustainability reporting standards and support for the Foundation to play a role in their development.



The Trustees have since the start of 2021 worked towards the potential creation of a new standard-setting board within the existing governance structure of the IFRS Foundation. Developments included:

On 3 November 2021, the IFRS Foundation announced the creation of the International Sustainability Standards Board (ISSB).


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