ISSB creates working group to enhance compatibility of sustainability disclosure standards
On 27 April 2022, the International Sustainability Standards Board (ISSB) announced the creation of a working group comprising representatives of different jurisdictions, to establish a dialogue to enhance compatibility between the proposed IFRS Sustainability Disclosure Standards and jurisdictional initiatives (particularly in Europe and the United States). The ISSB’s goal is to establish a global baseline of recognised international standards, used across the world, in order to meet users’ needs.
Keywords: Mazars, Thailand, Sustainability, ISSB, IFRS, EFRAG,SEC
27 June 2022
The members of the working group are the Chinese Ministry of Finance, the European Commission, the European Financial Reporting Advisory Group (EFRAG), the Japanese Financial Services Authority, the Sustainability Standards Board of Japan Preparation Committee, the United Kingdom Financial Conduct Authority and the US Securities and Exchange Commission (SEC).
The ISSB also announced that a new advisory body, the Sustainability Standards Advisory Forum, would be created during the next quarter to facilitate regular dialogue with a broad range of jurisdictions and to obtain high-level advice.
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