The International Accounting Standards Board (IASB) is seeking feedback on its priorities for the next five years – marking the third time it has consulted the public to create its work plan.
The World Economic Forum (WEF) has published a letter to CEOs in support of the organisations working to achieve a globally accepted set of environmental, social and governance (ESG) reporting standards, particularly the creation of a Sustainability Standards Board (SSB) being led by the International Financial Reporting Standards (IFRS) Foundation.
The International Financial Reporting Standards (IFRS) Foundation Trustees have set up a working group to accelerate convergence in global sustainability reporting standards focused on enterprise value and to prepare for a potential international Sustainability Standards Board (SSB), representing a watershed in their ongoing progress.
In a keynote address at the 7th EU-Asia Financial Services Dialogue, Jean-Paul Servais, Vice-Chair of the International Organization of Securities Commissions (IOSCO), discussed recent developments in corporate disclosure of sustainability information, particularly growing momentum towards global standards.
The Tipping Point Fund on Impact Investing has awarded a combined US$500,000 in Grants to the International Integrated Reported Council (IIRC) and the Sustainability Accounting Standards Board (SASB). It is intended to support efforts to develop a global framework for impact reporting and sustainability disclosure.
The European Financial Reporting Advisory Group (EFRAG) has published two milestone reports. They set out recommendations to the European Commission (EC) on the development of EU sustainability reporting standards and on changes to EFRAG’s governance and funding if it were to expand its remit to non-financial standards.
Good news for financial reporting from Vietnam, where the Minister of Finance has approved the introduction of International Financial Reporting Standards (IFRS), in line with a previously announced schedule. According to the implementation scheme, IFRS reporting will begin on a voluntary basis from 2022, with mandatory application after 2025.
In their latest update on the development of international sustainability reporting standards and the establishment of a Sustainability Standards Board (SSB), the International Financial Reporting Standards (IFRS) Foundation Trustees have announced their views on strategic direction for the board.
The Sustainability Accounting Standards Board (SASB) has published its new SASB XBRL Taxonomy, now out for public comment. We encourage all with an interest in XBRL and the future of Environmental, Social, and Governance (ESG) reporting to submit feedback by 3 May 2021.
The International Organization of Securities Commissions (IOSCO) has made a forceful statement in support of global sustainability reporting standards and collaboration.
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