International Sustainability Standards Board: IFRS S1 and S2 for Public Comment

The CAQ is pleased to share our views related to the March 2022 International Sustainability Standards Board (ISSB) exposure drafts: IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures. We support the ISSB’s efforts to develop a globally accepted baseline for ESG reporting that is developed from existing standards and frameworks that can be built upon to meet the market needs in different jurisdictions to help support companies in presenting ESG information that is consistent and comparable. Robust reporting standards will help facilitate high-quality audits. In our letter we highlight areas for consideration that we believe will help support widespread adoption and the goal of achieving a global baseline of sustainability information. Further, we highlight areas where greater clarity could be provided to indicate whether and how concepts in the ISSB’s exposure drafts relate to similar concepts in the IFRS accounting standards and vice versa. Read the full comment letter here.