Exposure Draft ED/2021/1 Proposed Targeted Amendments to the IFRS Foundation


In April 2021, the IFRS Foundation Trustees published and Exposure Draft on the proposed targeted amendments to the IFRS Foundation Constitution to accommodate an International Sustainability Standards Board (ISSB) to set IFRS sustainability standards.  Comments on the Exposure Draft closed on 29 July 2021.

In the UK, the Department for Business, Energy and Industrial Strategy (BEIS) currently has responsibility for policy development on sustainability reporting. Sustainability standards are currently outside the remit of the UKEB and therefore the Board has not undertaken any formal outreach with UK stakeholders to obtain their views. The Comment Letter, therefore solely reflects the views of the UKEB members.