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 on 24–25 October 2023.
Contents
Maintenance and consistent application
Applying Standards
Global Sustainability Standards Board work programme update
Maintenance and consistent application
International Applicability of the SASB Standards (Agenda Paper 8)
The ISSB met on 25 October 2023 to discuss the SASB Standards Board Advisor Group’s decisions made in response to feedback on the Exposure Draft Methodology for Enhancing the International Applicability of the SASB Standards and SASB Standards Taxonomy Updates.
The ISSB was not asked to make any decisions.
Next steps
The SASB Standards Board Advisor Group will finalise the amendments to the SASB Standards and present them for ratification by the ISSB.
Applying Standards
Supporting the implementation of IFRS S1 and IFRS S2 (Agenda Paper 9)
The ISSB met on 25 October 2023 to receive an update on its work to support the implementation and consistent application of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures. The update focused on educational material—one part of the work to support the implementation and consistent application of IFRS S1 and IFRS S2.
The ISSB was not asked to make any decisions.
Next step
The ISSB expects educational material to be published before the end of 2023, with more to be developed in 2024 and beyond as needed.
Global Sustainability Standards Board work programme update
Work programme update
The IFRS Foundation and the Global Reporting Initiative announced in March 2022 an agreement to seek to co-ordinate the work programmes and standard-setting activities of their boards, the ISSB and the Global Sustainability Standards Board (GSSB).
The ISSB met on 24 October 2023 to receive a work programme update from representatives from the GSSB.
The ISSB was not asked to make any decisions.
