IFRS Foundation Trustees publish proposed amendments to the Constitution of the Foundation for proposed sustainability standards board
07 May 2021
The Trustees of the IFRS Foundation have published proposed amendments to the Constitution of the Foundation. The amendments are intended to incorporate the potential formation and operation of the new international Sustainability Standards Board (ISSB) within the governance structure of the organisation. The amendments include revisions to the objectives of the Foundation and the institutional arrangements for the ISSB.
The proposed amendments may be accessed here. Comments on the proposed amendments are requested by 29 July 2021.
The Trustees have also published a Feedback Statement summarising the responses received to their September 2020 consultation on sustainability reporting. The Trustees received 577 responses and the feedback indicated a growing and urgent demand for global standards and broad support for the creation of a new sustainability standards board within the governance structure of the Foundation. The Feedback Statement may be accessed here.