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Standard-setters Outline ISSB Agenda Concerns

National standard-setters have shared concerns on the International Sustainability Standards Board’s (ISSB) recent agenda consultation in a joint letter to the organisation. The coalition underscored the need for connectivity with accounting standards, with close alignment between financial and sustainability reporting being “paramount” to ensure that the information produced for investors is “compatible and comparable”. The organisations said that the implementation of the ISSB’s inaugural standards should be its “highest priority”. The letter also called for a “strategic roadmap” that communicates the ISSB’s long-term objectives and clarifies how these relate to the International Accounting Standards Board’s roadmap, which the standard setters called a “critical next step”. The letter was sent by the UK Endorsement Board, Australian Accounting Standards Board, Canadian Accounting Standards Board, Malaysian Accounting Standards Board, and New Zealand External Reporting Board.  

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