Legal & Regulatory News

IFRS Foundation publish consultation paper on sustainability reporting

The IFRS Foundation (the Foundation) has published a consultation paper on sustainability reporting (the Consultation) with a view to assessing demand for global sustainability reporting standards and, if demand is strong, assessing whether and to what extent the Foundation might contribute to the development of such standards.

The Consultation sets out possible ways the Foundation might contribute to the development of global sustainability reporting standards by broadening its current remit beyond the development of financial reporting standards. One possible option outlined in the paper is for the Foundation to establish a new sustainability standards board.

The deadline for responses is 31 December 2020.

Click here to access the Consultation.