FRS Foundation announces International Sustainability Standards Board

By | 2021 Newsletter week 47 | No Comments

During COP26 global summit, the IFRS Foundation Trustees announced three significant developments to provide the global financial markets with high-quality disclosures on climate and other sustainability issues.

The additional metric on climate will have to be adopted as part of a company’s IFRS. That means reporting on emissions targets and ways to reduce it. The market will look at it positively if a company reaches its targets. If not, the value of a company might decrease in the stock market.

(*) The IFRS Foundation is a not-for-profit international organisation responsible for developing a single set of high-quality global accounting and sustainability disclosure standards, known as IFRS Standards.