The ISSB held a supplementary meeting by video on 1 and 3 November 2022.

In the first session the ISSB discussed climate resilience and the use of scenario analysis. The ISSB decided to confirm that entities will be required to use climate-related scenario analysis to conduct its climate resilience assessment. However, an entity will be able to use a method that is commensurate with its size, capabilities and level of exposure to climate-related risk. References to ‘alternative methods’ will be removed.

In the second session, the ISSB discussed the sources of guidance to identify sustainability-related risks and opportunities and disclosures. The ISSB decided to modify the requirements for considering sources of guidance to identify sustainability-related risks and opportunities and related disclosures. The ISSB also decided to clarify for each of the materials referenced, if a preparer is required to consider these materials or if consideration is permitted as an option. Due to mixed views within the Board, the ISSB did not vote on whether references to Global Reporting Initiative (GRI) Standards and European Sustainability Reporting Standards (ESRS) will be added.