IFRS Foundation and Value Reporting Foundation approve consolidation

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22 Jun 2022

The IFRS Foundation Trustees and the Board of Directors of the Value Reporting Foundation (VRF) have voted to approve the consolidation of the VRF into the IFRS Foundation. The consolidation will become effective on 1 July 2022.

The VRF was formed in June 2021 with the merger of the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB). The consolidation with the IFRS Foundation will, ‘inform the work of the IFRS Foundation through the industry-based approach of the SASB Standards and the Integrated Reporting Framework’.

This marks the completion of a COP26 objective to consolidate leading investor-focused sustainability disclosure organisations with the IFRS Foundation. In February 2022, the CDSB completed its consolidation into the IFRS Foundation.

For more information, see the press release on the IFRS Foundation website.

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