ISSB Receives Global Response on Sustainability Disclosures

The ISSB received over 600 responses to its draft Climate disclosure standard and received close to 700 responses to its draft General Requirements disclosure standard. During the 120-day comment period, ISSB representatives participated in over 400 outreach events, engaging with thousands of stakeholders globally.

The ISSB has received more than 1,300 comment letters on its two proposed sustainability disclosure standards.

ISSB Chair @EmmanuelFaber: "The feedback we have received provides a critical grounding on which to build sustainability disclosure standards."https://t.co/9KI4T0Obxk pic.twitter.com/kXnN5i5hsz

— IFRS Foundation (@IFRSFoundation) August 5, 2022

A preliminary review of the comment letters confirms feedback originating from jurisdictions spanning six continents. Comments come from a range of stakeholder groups including academics; accountancy bodies and audit firms; investors; preparers; public interest bodies; regulators; and standard-setters.

In accordance with IFRS Foundation due process, the ISSB will now assess and discuss the comments in its Board meetings. All responses to the consultations are available on the IFRS Foundation website.

Emmanuel Faber, Chair of the ISSB, said:

“I am encouraged by the number of comments we have received on our proposals. Global solutions require collective action, and the feedback we have received provides a critical grounding on which to build sustainability disclosure standards that provide a global baseline for the capital markets.”

Source: ISSB