Germany and Japan offer to host the ISSB headquarters

  • Germany Image
  • Japan Image

02 Sep 2021

Since the start of 2021 the IFRS Foundation Trustees have worked towards the potential creation of a new standard-setting board within the existing governance structure of the IFRS Foundation. Two offers to host the headquarters of that new body have now become publicly available.

The German offer, which is supported by 185 companies and organisations, notes that Frankfurt is well positioned to host the headquarters of the ISSB as it is embedded in an ecosystem driving sustainable finance and business, is home to international institutions and organisations and headquarters many international companies.

Please click for the following additional information (all links to the Frankfurt Main Finance website):

The Japanese application especially notes the the good cooperation already in place with the IFRS Foundation through the Tokyo Liaison Office, which could be leveraged to support the ISSB in expanding its engagement with stakeholders in the Asia-Oceania region. The letter also stresses the willingness to provide financial and technical support.

Please click for the full application letter on the ASBJ website.

As already reported, Canada has also offered to host the future ISSB. In addition, Switzerland notes that, owing to its unique proximity to important international organisations and NGOs, Geneva has a global outreach, is recognised throughout the world as an independent and neutral negotiation venue and would be a credible host location for the ISSB. The Swiss application is not publicly available, but a press release can be found here.

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