• IFRS Foundation Trustees announce next steps in response to broad demand for global sustainability standards

IFRS Foundation Trustees announce next steps in response to broad demand for global sustainability standards

05 February 2021

The Trustees of the IFRS Foundation met on 1 February 2021 to review responses to the first three questions asked by their consultation paper on sustainability reporting. The responses indicate a growing demand for global sustainability standards and for IFRS Foundation to play a role in developing the standards. The Trustees agreed that a Trustee Steering Committee be formed to oversee the next phases of work.

The Trustees will be meeting next on 2-4 March 2021. The Trustees intend to produce a definitive proposal, including a roadmap with timelines, by the end of September 2021, and may announce the establishment of a sustainability standards board at the meeting of the United Nations Climate Change Conference COP26 in November 2021.

Detailed information on sustainability reporting project is available here.