ISSB Consultation on Agenda Priorities - 2023
- Completed
- Didier Andries
Description
The ISSB consulted on its planned activities for the upcoming 2 years in 2023. The planned actvities consist of
i) biodiversity, ecosystems and ecosystem services;
ii) human capital;
iii) human rights; and
iv) a joint project with the IASB on connectivity in reporting.
In addition, the ISSB is also seeking feedback on the potential project on integration in reporting regarding:
a) the priority and urgency of the potential project on integration in reporting relative to the other potential research projects included in the Request for Information;
b) whether the potential project on integration in reporting should be a formal joint project with the IASB, or an ISSB project that could draw on input from the IASB as needed; and
c) whether the potential project on integration in reporting should build on and incorporate concepts from the IASB's Management Commentary project, the Integratd Reporting Framework, both of these documents or from other sources.
The ISSB issued its Request for Information (RFI) on 4 May 2023 for a 120 day comment period. In response to this, EFRAG released its draft comment letter (DCL) on 2 June 2023. In its DCL, EFRAG noted the ISSB should put the emphasis on (i) a clear direction of travel with a definition of the universe of sustainability-related information to be ultimately covered and of the corresponding underlying concepts, (ii) the priority to be given to interoperability in structure and content with other sustainability reporting standards and (iii) connectivity to be included as a priority topic in the standard setting workplan, together with the topical standards.
EFRAG received in total 19 contributions from stakeholders to its initial draft comment letter. In considering these views the final letter proposes that beginning new research and standard setting projects (including connectivity) and supporting the implementation of IFRS S1 and IFRS S2 should be the highest priority for the ISSB.
Also EFRAG requests the ISSB to clarify its intention as regards the standards and frameworks now under its responsibility such as as the VRF and CDSB.
Finally, should the ISSB start a project on integration in reporting, EFRAG considers that it should be pursued as a formal joint project of the IASB and the ISSB.
EFRAG's final comment letter can be found here.
Documents
Project news
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07/09/2023 - EFRAG publishes its final comment letters on the ISSB consultations on Agenda priorities and SASB methodology
EFRAG has published its final comment letters on the ISSB RFI Consultation on Agenda Priorities and the SASB Internationalisation ED.
The comment letters can be consulted here:
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02/06/2023 - EFRAG's draft comment letter (DCL) on ISSB RFI on Agenda priorities
EFRAG is consulting and asks for comments by 25 July 2023 in response to the ISSB Request for Information (RFI) on its Agenda Priorities.
Stakeholders can provide inputs to EFRAG's preliminary answers by way of an online survey that can be accessed here. Alternatively, EFRAG accepts comment letters submitted by using the Express your views page on EFRAG's website.
Comments should be submitted by 25 July 2023.