AAEC Newsletter: November 2021 (Formerly known as the IFRS Helpline Newsletter)
As announced in our last IFRS newsletter we would like to take this opportunity to provide you with more information on developments in the area of sustainability reporting.
The IFRS Foundation plans to establish a new standard-setter for the creation of international standards on sustainability reporting. Thus, in the future, there will be two separate standard-setters under the umbrella of the IFRS Foundation: on the one hand, as before, the IASB (International Accounting Standards Board) and, on the other hand, the ISSB (International Sustainability Standards Board). While the IASB is responsible for IFRS, the ISSB will publish so-called “IFRS Sustainability Standards” in future.
