New proposals on the first IFRS® Sustainability Disclosure Standards mark the next step toward equal prominence for international sustainability and financial reporting. The proposals aim to create a global baseline for investor-focused sustainability reporting that local jurisdictions can build on.
Applicability
- US companies monitoring international ESG reporting developments
Relevant dates
The proposals are open for comment until 29 July 2022; the subsequent standards may be issued as soon as the second half of 2022.
Key impacts
The first two proposals of the IFRS Sustainability Disclosure Standards are now available – covering general requirements and climate-related disclosures. They are based on existing frameworks and standards, including TCFD and SASB.
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