ISSB Standards architecture: blueprint shows SASB as building foundations for next development phase
Board members revealed the cornerstones of the ISSB's edifice at Frankfurt's March meeting. SASB Standards would serve as structural pillars underpinning both thematic and industry-based standards, as well as the implementation of S1 and S2
"Don't obsess about the standards, use them," standards setters tell preparers
ISSB board member and EFRAG TEG chair urge for focus on commonalities rather than differences across the various reporting requirements
ISSB agrees transitional relief for reporting S1 risks and opportunities
Entities will only be required to report on climate-related risks and opportunities in first year of ISSB standards
ISSB approves revision of the scope and description of 'connectivity project'
Only one board member voted against
ISSB to vote on GRI and ESRS inclusion in IFRS S1's sources of guidance
Corporate Disclosures provides its polling forecast
ISSB votes in favour of relief package for Scope 3 disclosures
And agrees on a framework for how an entity measures its Scope 3 GHG emissions
ISSB agrees on four research projects to include in RFI on future work plan
While asking IFRS staff to expand the description and breadth and at the same time be more specific
Climate scenarios now required in IFRS S2 to report on resilience
Based on TCFD framework's classification of climate scenarios
ISSB confirm Scope 3 emissions in IFRS S2
But will provide more application guidance and offer relief provisions
ISSB votes on agenda priorities
The board voted to proceed with proposals for its agenda priorities consultation and discussed prioritising governance disclosures
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