The Trustees of the IFRS Foundation have announced a new working group to accelerate convergence in global sustainability reporting standards and to look into a potential international sustainability reporting standards board.
The working group will include:
The International Organisation of Securities Commissions
The Taskforce on Climate Related Financial Disclosures
The Value Reporting Foundation (the new entity formed as a result of the merger between the International Integrated Reporting Council and Sustainability Accounting Standards Board)
The Climate Disclosure Standards Board (CDSB), and
The World Economic Forum’s International Business Council
The working group will engage closely with the Global Reporting Initiative (GRI) and CDP, it said, as well as welcoming engagement with jurisdictions that are working on sustainability reporting.
Its upcoming work will include developing a prototype for climate-related reporting based on th…