DPOC to discuss publication of ISSB exposure drafts
18 Mar 2022
The Due Process Oversight Committee (DPOC) will hold an additional meeting on 21 March via video conference to discuss a possible publication of the exposure drafts on 'General Requirements for Disclosure of Sustainability-Related Financial Information (General Requirements)' and 'Climate-Related Disclosures' by the ISSB Chair and Vice-Chair before the ISSB is quorate.
In amending the IFRS Foundation Constitution in October 2021 to accommodate the establishment of the ISSB, the Trustees provided the ISSB Chair and Vice-Chair, in consultation with any appointed ISSB members, with the option to publish exposure drafts on General Requirements and Climate-Related Disclosures before the ISSB is quorate.
The Trustees provided this option in the light of:
- the maturity and high-quality of the Technical Readiness Working Group’s (TRWG) preparatory work on the prototype standards
- calls from stakeholders for the ISSB to develop standards urgently, particularly on climate;
- the intention for the ISSB’s Standards to build on established frameworks; and
- the possible length of time between the appointment of the Chair and Vice-Chair and there being a quorate ISSB.
Agenda papers for the meeting are available on the IFRS Foundation's website and provide background information and the rationale of ISSB Chair and Vice-Chair.
