In September 2020, five sustainability framework and standards organisations announced their intention to work together to create a comprehensive approach to corporate reporting. The five bodies are, CDP (Carbon Disclosure Project), the Climate Disclosure Standards Board (CDSB), the Global Reporting Initiative (GRI), the International Integrated Reporting Council (IIRC), and the Sustainability Accounting Standards Board (SASB). (Accessed 7 February 2022). In November 2021, the Trustees of the IFRS Foundation announced the formation of the International Sustainability Accounting Standards Board (ISSB). The new ISSB will complete consolidation of the Climate Disclosure Standards Board (CDSB—an initiative of CDP) and the Value Reporting Foundation (VRF—which houses the Integrated Reporting Framework and the SASB Standards) by June 2022. (Accessed 7 February 2022).
TCFD, Task Force on Climate-related Financial Disclosures: Guidance on Metrics, Targets, and Transition Plan (TCFD: October 2021) (Accessed 14 February 2022). TCFD, Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD: October 2021). (Accessed 14 February 2022).
TCFD, Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD: October 2021).p.79.
The Nation Archives, The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulation 2022 (17 January 2022) (Accessed 11 February 2022). M. Farrar, Climate disclosure requirements set to take effect in UK. FM Magazine, 25 January 2022. (Accessed 11 February 2022).
SEC, SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors press release (21 March 2022). (Accessed 21 March 2022). The Enhancement and Standardization of Climate-Related Disclosures for Investors proposed rules (Accessed 21 March 2022). Fact Sheet: Enhancement and Standardization of Climate-Related Disclosures (Accessed 21 March 2022).
IFRS Foundation announces International Sustainability Standards Board, consolidation with CDSB and VRF, and
publication of prototype disclosure requirements. (Accessed 7 February 2022).
IFRS, ISSB Delivers Proposal That Create Comprehensive Global Baseline of Sustainability Disclosure (31 March 2022). (Accessed 31 March 2022).
Kenneth W. Witt
Associate Technical Director, Research and Development — Management Accounting
Association of International Certified Professional Accountants
Dr. Martin Farrar Associate Technical Director Research and Development — Management Accounting
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