IFRS Foundation completes consolidation with Value Reporting Foundation
05 August 2022
The IFRS Foundation has announced the completion of the consolidation of the Value Reporting Foundation (VRF) into the IFRS Foundation. The consolidation follows the commitment made at COP26 to consolidate leading global sustainability disclosure initiatives to support the IFRS Foundation’s new International Sustainability Standards Board’s (ISSB).
SASB standards, which were governed by the VRF, follow an industry-based approach to sustainability disclosures. The ISSB, which now governs the SASB standards, is embedding this industry-based approach into its standard-setting process.
The press release by the IFRS Foundation may be accessed here.