This ISSB Update highlights preliminary decisions of the International Sustainability Standards Board (ISSB). Projects affected by these decisions can be found on the work plan. The ISSB's final decisions on IFRS® Sustainability Disclosure Standards are formally balloted as set out in the IFRS Foundation's Due Process Handbook.
Strategy and governance
ISSB Consultation on Agenda Priorities (Agenda Paper 2)
The ISSB met on 23 April 2024 to decide which new research and standard-setting projects to add to its two-year work plan.
The ISSB tentatively decided to add:
- a research project on risks and opportunities associated with biodiversity, ecosystems and ecosystem services.
All 14 ISSB members agreed with this decision. - a research project on risks and opportunities associated with human capital.
Thirteen of 14 ISSB members agreed with this decision.
As part of its research, the ISSB will consider:
- how to build on existing materials, including the SASB Standards and CDSB Framework application guidance; and
- how to pursue approaches that would promote interoperability between its own global baseline of sustainability-related financial disclosures and other widely used standards and frameworks.
The ISSB also tentatively decided not to add to its work plan:
- a research project on risks and opportunities associated with human rights;
- a research project on integration in reporting; or
- other research and standard-setting projects suggested by respondents to the Request for Information Consultation on Agenda Priorities.
Twelve of 14 ISSB members agreed with these decisions.
Next step
The ISSB expects to publish a feedback statement by the third quarter of 2024 that will summarise feedback on the Request for Information and present an overview of the ISSB’s activities and work plan.
