IFRS Sustainability Disclosure Standards

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The IFRS Sustainability Disclosure Standards are a set of guidelines for companies to follow when disclosing information about their sustainability performance. Under development by the International Sustainability Standards Board (ISSB), they are intended to cover important sustainability topics on which investors and other capital market participants want information. The standards are intended to be compatible with the IFRS Accounting Standards, which are managed by the International Accounting Standards Board (IASB).

The ISSB and other standard setting organizations

To build on existing standards, the IFRS Foundation created the Technical Readiness Working Group (TRWG), which is supported by the International Organization for Securities Commissions (IOSCO). TRWG members are the Climate Disclosure Standards Board (CDSB), the IASB, the Task Force for Climate-related Disclosures (TCFD), the Value Reporting Foundation (VRF), and the World Economic Forum (WEF).

Will the standards be mandated?

The IFRS Sustainability Disclosure Standards will be developed in such a way that they can be combined with jurisdiction-specific requirements or requirements appropriate for the information needs of broader stakeholder groups beyond investors. Jurisdictions will decide whether to mandate use of the ISSB’s standards. Leaders of the G20 have welcomed the IFRS Foundation’s work developing a global baseline for sustainability disclosure. [1]


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