IFRS Foundation publication of prototype climate and general disclosure requirements

Friday, November 12, 2021

As noted in the AASB Newsletter issued 4 November, at COP26 (the UN global summit to address the critical and urgent issue of climate change) the IFRS Foundation announced the establishment of a new International Sustainability Standards Board (ISSB) to develop—in the public interest—a comprehensive global baseline of high-quality sustainability disclosure standards to meet investors’ information needs. As part of this announcement, the IFRS Foundation published two prototype standards:

• General Requirements for Disclosure of Sustainability-related Financial Information Prototype; and
• Climate-related Disclosures Prototype—which includes a supplement Technical Protocols for Disclosure Requirements (Climate-related Disclosures).