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TAC Public Meeting June 2026 Paper 3: Proposed amendments to SASB Standards - Phase 1 Part 2
AGENDA PAPER 3
Executive summary
| Date | 16 June 2026 |
|---|---|
| Paper reference | 2026-TAC-014 |
| Project | Proposed amendments to SASB Standards – Phase 1 Part 2 |
| Topic | Cover paper |
Objective of the paper
This paper presents a structure for the TAC's discussions on Phase 1 Part 2 of the ISSB's project to enhance the SASB Standards.
We propose that the TAC's discussions are focused on the draft response to the ISSB's March 2026 Exposure Draft: Proposed amendments to the SASB Standards and IFRS S2 Industry-based Guidance (SASB/ED/2026/1) in agenda paper 3c-Draft comment letter and that other papers are referenced to support points made in relation to the draft comment letter.
Decisions for the TAC
No decisions are required from the TAC. However, members are invited to share their comments by following the proposed structure for the discussions.
Appendices
None.
Context
1 Agenda item 3 is on Phase 1 Part 2 of the ISSB's project to enhance the SASB Standards and consists of discussions on the following three papers:
- Agenda paper 3a-Preliminary analysis of the Electric Utilities & Power Generators SASB Standard: This paper sets out the TAC Secretariat's preliminary technical analysis of the proposed amendments to the Electric Utilities & Power Generators SASB Standard.
- Agenda paper 3b-Stakeholder feedback summary: This paper summarises outreach activities and stakeholder feedback in relation to SASB/ED/2026/1.
- Agenda paper 3c-Draft comment letter: This paper brings together findings from the other papers and presents the key points to be included in the TAC's response to SASB/ED/2026/1, as well as the draft responses to the questions in SASB/ED/2026/1.
Proposed discussion structure
2 We propose that the TAC's discussions are focused on the draft response to SASB/ED/2026/1 in agenda paper 3c-Draft comment letter and that the other papers are referenced to support points made in relation to the draft response.
3 We also propose that the TAC's discussions are structured into the draft responses to the:
- industry specific questions;
- general / non industry specific questions; and
- key points.
Questions for the TAC
Industry specific discussion
4 Question 1: Does the TAC have any comments on the draft responses to question 3 of SASB/ED/2026/1 on the Electric Utilities & Power Generators SASB Standard?
5 In responding to this question, please refer to the following papers:
- paragraphs 87 to 144 of agenda paper 3c-Draft comment letter points noting that it encompasses comment letter points from Agenda Papers 3a and 3b;
- agenda paper 3a-Preliminary analysis of the Electric Utilities & Power Generators SASB Standard; and
- paragraphs 19 to 22 of agenda paper 3b-Stakeholder feedback summary.
Question 2: Does the TAC have any comments on the draft responses to question 1 of SASB/ED/2026/1 on the Agricultural Products SASB Standard?
6 In responding to this question, please refer to the following papers:
- paragraphs 49 to 86 of agenda paper 3c-Draft comment letter points noting that it encompasses comment letter points from Agenda Paper 3b and the May TAC paper on FB-AG and FB-MP analysis; and
- paragraphs 23 to 27 of agenda paper 3b-Stakeholder feedback summary.
Question 3: Does the TAC have any comments on the draft responses to question 2 of SASB/ED/2026/1 on the Meat, Poultry & Dairy SASB Standard?
General / non industry specific discussion
Question 4: Does the TAC have any comments on the draft response to question 4 of SASB/ED/2026/1 on the consequential amendments to the IFRS S2 Industry-based Guidance?
7 The ISSB has chosen to include this question and the accompanying explanation in paragraphs BC196–BC197 of the Basis for Conclusions rather than issuing a separate consultation on making consequential amendments to the IFRS S2 Industry-based Guidance as it did in the July 2025 Exposure Draft: Proposed Amendments to the IFRS S2 Industry-based Guidance (ISSB/ED/2025/2). However, the ISSB's proposals in this question are consistent with its proposals in ISSB/ED/2025/2.
8 In its November 2025 response to ISSB/ED/2025/2, the TAC supported maintaining alignment between the IFRS S2 Industry-based Guidance and the climate-related content in the SASB Standards. We therefore suggest referring to and continuing the position in the TAC's November 2025 response to ISSB/ED/2025/2.
9 Please refer to paragraphs 145 to 146 of agenda paper 3c-Draft comment letter points.
Question 5: Does the TAC have any comments on the draft response to question 5 of SASB/ED/2026/1 on the relationship with IFRS Sustainability Disclosure Standards?
10 This question was not included in the draft for ISSB ratification; the ISSB chose to include this question following its February 2026 meeting, where Richard Barker voted against the ratification of SASB/ED/2026/1. This question was also not included in the TAC's project management plan and assessment approach, which was published prior to SASB/ED/2026/1 being issued, and therefore the TAC did not agree an approach to it.
11 We suggest summarising the general points in the TAC's November 2025 response to the ISSB's July 2025: Exposure Draft of Proposed Amendments to the SASB Standards (SASB/ED/2025/1) and expanding on them for further developments.
12 Please refer to paragraphs 147 to 163 of agenda paper 3c-Draft comment letter points.
Question 6: Does the TAC have any comments on the draft response to question 6 of SASB/ED/2026/1 on the effective date?
13 This question and the accompanying explanation in paragraphs BC198–BC199 of the Basis for Conclusions is consistent with the equivalent question in SASB/ED/2025/1.
14 We therefore suggest repeating the response to the question in the TAC's November 2025 response to SASB/ED/2025/1 and expanding on it for further developments.
15 Please refer to paragraphs 164 to 166 of agenda paper 3c-Draft comment letter points.
Question 7: Does the TAC have any comments on the draft response to questions 7 to 10 of SASB/ED/2026/1 for respondents who did not respond to the July 2025 Exposure Draft?
16 SASB/ED/2026/1 includes questions on the following issues, which are similar to questions in SASB/ED/2025/1 and are therefore for respondents who did not respond to SASB/ED/2025/1:
- Question 7—Objective
- Question 8—Enhancements to interoperability with other standards and frameworks
- Question 9—Amendments to the climate-related content in the SASB Standards
- Question 10—Information related to nature and human capital.
17 We do not suggest repeating the responses to the equivalent questions in the TAC's November 2025 response to SASB/ED/2025/1. However, we suggest summarising the responses to the questions in the TAC's November 2025 response to SASB/ED/2025/1 and expanding on them for further developments.
18 Please refer to paragraphs 167 to 176 of agenda paper 3c-Draft comment letter points.
Key points
Question 8: Reflecting on the discussions on questions 1 to 7, does the TAC have any comments on the key points in relation to SASB/ED/2026/1?
19 Please refer to paragraph 6 of agenda paper 3c-Draft comment letter points.
Next steps
20 The draft response to SASB/ED/2026/1 in agenda paper 3c-Draft comment letter will be updated following the discussions in this meeting. The final response to SASB/ED/2026/1 will then be presented for approval at the TAC's July 2026 meeting, along with a draft Due Process Summary.
This paper has been prepared by the Secretariat for the UK Sustainability Disclosure Technical Advisory Committee (TAC) to discuss in a public meeting. This paper does not represent the views of the TAC or any individual TAC member.