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.
The ISSB met in Frankfurt on 13–14 December 2023.
The ISSB met on 13 December 2023 to ratify amendments to the SASB Standards.
The ISSB decided:
All 14 ISSB members confirmed they were satisfied the ISSB has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to publish the amended SASB Standards.
The ISSB expects to publish the amended SASB Standards before the end of 2023.
The ISSB met on 14 December 2023 to discuss the prospective IFRS Sustainability Disclosure Taxonomy (prospective Taxonomy). The ISSB discussed proposed changes to the prospective Taxonomy resulting from its November 2023 discussion on stakeholder feedback on the Proposed IFRS Sustainability Disclosure Taxonomy, specifically on:
The ISSB was not asked to make any decisions.
The ISSB expects to begin the balloting process and issue the IFRS Sustainability Disclosure Taxonomy in the first half of 2024.
The ISSB met on 14 December 2023 to discuss feedback on its Request for Information Consultation on Agenda Priorities. Specifically, the ISSB discussed feedback from users of general purpose financial reports.
The Request for Information sought respondents’ views on:
The ISSB was not asked to make any decisions.
The ISSB will continue to discuss feedback on the Request for Information and make decisions on the matters raised in it.