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 remotely on 16 March 2023.
The ISSB met on 16 March 2023 to discuss the process to maintain, enhance and improve the SASB Standards, including the work involved in the International Applicability of the SASB Standards project.
The ISSB was not asked to make any decisions.
The ISSB met on 16 March 2023 to discuss one of the potential projects to be included in the ISSB’s first request for information. Feedback provided by stakeholders on the request for information will inform the ISSB’s two-year work plan.
At its December 2022 meeting, the ISSB tentatively decided to seek stakeholder feedback on four potential projects in the request for information. One of the four potential projects was focused on connectivity in reporting and was described as a joint project with the International Accounting Standards Board (IASB) that would build on the IASB’s Management Commentary project and the Integrated Reporting Framework.
At this meeting, the ISSB tentatively decided that, within its request for information, it would:
Thirteen of 14 ISSB members agreed with these decisions.
The ISSB also tentatively agreed that, in the request for information, it would seek feedback on the potential project on integration in reporting regarding:
Thirteen of 14 ISSB members agreed with these decisions.
The ISSB will discuss the due process steps it has taken in developing the request for information, and will decide on the length of the comment period and the publication date of the request for information.