BDO releases IFRB 2020/13 – IFRS Foundation Trustees Consider Sustainability Reporting
08 October 2020
BDO has released an IFR Bulletin (‘IFRB’) on the IFRS Foundation Trustee’s consultation paper on the role that the IFRS Foundation may play in sustainability and non-financial reporting. The IFRB summarises the consultation paper and also highlights other recent developments in non-financial reporting standard setting worldwide.
The IFRS Foundation Trustees have published a consultation paper, which is designed to determine the demand for global sustainability standards. If sufficient demand exists, the Trustees then aim to determine to what extent the Foundation may be involved in standard setting.
One option explored in the paper is whether the Foundation should establish a new sustainability standards board to develop a set of international standards governing sustainability reporting.
The consultation paper is open for comments until 31 December 2020.
The publication may be accessed here.