ISSB: Board’s future work plan and the exposure draft on the international applicability of SASB standards

In April 2023, the ISSB’s discussions focused on:

Keywords: Mazars, Thailand, Sustainability, RFI, SASB, ISSB, IFRS S1 

9 June 2023

  • the due process for the Request for Information (RFI) on the Board’s two-year work plan, agreeing a 120-day consultation period starting from the publication date of 4 May 2023; 
  • the project on the international applicability of the standards published by the Sustainability Accounting Standards Board (SASB), which it also discussed the previous month. This month, the Board (i) ratified the exposure draft on the topic and (ii) decided on a 90-day comment period from the date of its publication (which is expected in May). The ISSB has also clarified that this project only affects around 20% of the metrics included in the SASB standards. The Board also noted the importance of this work as a future source of guidance for entities when identifying (i) sustainability-related risks and opportunities and (ii) related disclosures when applying IFRS S1 on topics other than the climate. 

For more details, see the April 2023 ISSB Update and the associated press release of 19 April 2023, available here and here respectively.