In the speech, Mr Liikanen confirmed the following three further commitments in the IFRS Foundation’s efforts to support efficient and resilient capital markets through robust sustainability-related financial disclosures:

• Implementing the IFRS Foundation’s capacity building programme so that developing and emerging jurisdictions are better placed to adopt and use IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures;
• Advancing jurisdictional adoption of IFRS S1 and IFRS S2 through bilateral dialogues with governments and regulators. To achieve this, the IFRS Foundation will continue to work closely with both the International Organization of Securities Commissions (IOSCO) and the Financial Stability Board who play essential roles in the adoption work; and
• Advancing new standard-setting initiatives to build out the global baseline of sustainability-related disclosures following feedback to the recent consultation on the ISSB’s future agenda.

Please click to access the transcript of the speech via the press release on the IFRS Foundation website.