Skip to content
Show Sections

Current stage

In July 2024, the International Accounting Standards Board (IASB) published the Exposure Draft Climate-related and Other Uncertainties in the Financial Statements. The Exposure Draft proposes eight examples illustrating how an entity applies the requirements in IFRS Accounting Standards to report the effects of climate-related and other uncertainties in its financial statements.

The comment period on the Exposure Draft closed on 28 November 2024. The IASB will continue to discuss feedback and decide the project’s direction at future meetings.

IASB–ISSB Update February 2025

The IASB and ISSB (boards) met on 19 February 2025 to discuss a summary of the feedback on the IASB’s Exposure Draft Climate-related and Other Uncertainties in the Financial Statements.

The Exposure Draft proposed eight examples illustrating how an entity applies the requirements in IFRS Accounting Standards to report the effects of climate-related and other uncertainties in its financial statements.

The boards were not asked to make any decisions.

Next milestone

Decide Project Direction