BDO submits comment letters to ISSB in response to IFRS Sustainability Disclosure Standards Proposals
27 July 2022
BDO has submitted two comment letters in response to the International Sustainability Standards Board's (ISSB) exposure drafts:
- IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
- IFRS S2 Climate-related Disclosures
BDO strongly supports the formation of the ISSB and its development of sustainability disclosure standards to be used as a global 'baseline' of reporting requirements. BDO recommends a phased 'climate first' approach. This approach would have the potential for consistent climate-related disclosures being made sooner than would be the case if entities needed immediately to disclose information about all significant sustainability-related risks and opportunities because entities would be able to report more quickly on a single sustainability topic. It might also encourage and enable jurisdictions in which sustainability reporting is relatively immature to adopt IFRS Sustainability Disclosure Standards at an earlier date.
BDO's comment letters may be accessed here.