On 18 July 2023, the Financial Reporting Council issued a call for evidence to inform the proposed endorsement of the International Sustainability Standards Board (ISSB) IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures in June 2023).
The call for evidence seeks views on whether application of the ISSB standards in a UK context will result in disclosures that are understandable, relevant, reliable and comparable for investors. It also considers technical feasibility, timeliness alongside financial reporting, and proportionality of costs to benefits.
The deadline for responding to the call for evidence is 11 October 2023.
The responses to the call for evidence will be used to inform the UK Sustainability Disclosure TAC’s technical assessment of IFRS S1 and IFRS S2.