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.
Contents
Research and standard-setting
Applying Standards
Research and standard-setting
Research projects on Biodiversity, Ecosystems and Ecosystem Services and Human Capital (Agenda Papers 3 and 4)
The ISSB met on 24 October 2024 to discuss feedback from the survey on jurisdictional requirements related to biodiversity, ecosystems and ecosystem services and to human capital. The ISSB also discussed how the feedback can inform its research on these projects.
The ISSB was not asked to make any decisions.
Next steps
The ISSB will further consider this feedback and engage with its advisory bodies and jurisdictional stakeholders to inform its research on these projects.
Applying Standards
Supporting the Implementation of IFRS S1 and IFRS S2 (Agenda Paper 9)
The ISSB met on 24 October 2024 to discuss the location of disclosures required by IFRS Sustainability Disclosure Standards if an entity applies the revised IFRS Practice Statement 1 Management Commentary in preparing the entity’s management commentary.
The ISSB was not asked to make any decisions.
Next step
The ISSB will further discuss connectivity between IFRS Sustainability Disclosure Standards and the International Accounting Standards Board’s Management Commentary project.
