Proposed standards from ISSB - International Sustainability Standards Board
From the International Financial Reporting Standards (IFRS), the International Sustainability Standards Board (ISSB) has been created. This is with the aim of developing global standards for sustainability reporting on the capital market. In April 2022, ISSB a proposal for standards for sustainability reporting and general accounting criteria. So far, the standards have not been determined, but the draft is to be reviewed and the deadline for submitting comments runs until July 29. Although the standards have not been determined, the draft provides an insight into what the standards will look like and how these will be implemented by the capital market. Implementing the standards will be time-consuming, and we therefore recommend that companies already start looking at what the standards will mean. We at Ava have summarized what the proposed standards from the ISSB may mean. Contact us if you want to know more!