IOSCO responds to the IFRS Foundation's sustainability consultation

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24 Dec 2020

The International Organization of Securities Commissions (IOSCO) has submitted its response to the IFRS Foundation's consultation on sustainability reporting.

IOSCO sees an urgent need to improve the completeness, consistency and comparability of sustainability reporting and notes:

Together, the IFRS Foundation’s consultation and a parallel collaborative initiative of an alliance of sustainability reporting organizations can further efforts to facilitate comparable high-quality international standards that provide the content that capital markets need, within a transparent standard-setting architecture with a robust and inclusive governance structure.

IOSCO also believes that robust sustainability reporting standards, interconnected with financial reporting standards, would also support audit and assurance – enhancing the market’s trust in sustainability disclosures, and laying the foundations for mandatory corporate reporting on sustainability internationally.

Please click to access the full comment letter on the IOSCO website.

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