IFRS

IFRS Alert

Louise Kelly Louise Kelly

The IFRS Foundation (the Foundation ) has confirmed there is an urgent need for global sustainability reporting standards. Given this, its Trustees are continuing their work on the establishment of an international sustainability reporting standards board within the existing governance structure of the Foundation.

The intention is for the Trustees to produce a definitive proposal (including a road map with a timeline) by the end of September 2021, possibly leading to an announcement on the establishment of a sustainability standards board at the meeting of the United Nations Climate Change Conference COP26 in November 2021.

This alert outlines the Foundation’s views about the strategic direction of its new board and their intended next steps.

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