The content on this page has been converted from PDF to HTML format using an artificial intelligence (AI) tool as part of our ongoing efforts to improve accessibility and usability of our publications. Note:
- No human verification has been conducted of the converted content.
- While we strive for accuracy errors or omissions may exist.
- This content is provided for informational purposes only and should not be relied upon as a definitive or authoritative source.
- For the official and verified version of the publication, refer to the original PDF document.
If you identify any inaccuracies or have concerns about the content, please contact us at [email protected].
TAC Public Meeting July 2026 Paper 4: SASB Phase 1 part 2 - Draft due process summary
Executive summary
| Category | Details |
|---|---|
| Date | 14 July 2026 |
| Paper reference | 2026-TAC-019 |
| Project | Proposed amendments to SASB Standards – Phase 1 part 2 |
| Topic | Draft due process summary |
Objective of the paper
This paper presents a brief summary of the due process followed in the development of the TAC's comment letter on phase 1 part 2 of the proposed amendments to the SASB Standards issued by the International Sustainability Standards Board (ISSB).
Decisions for the TAC
The TAC is asked whether it has any comments on and tentatively approves the draft due process summary.
Appendices
Appendix – 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.
Due process summary
1The TAC's Due Process Policy (DPP)1 states that the TAC would usually publish a due process summary for its work developing a comment letter.
2A draft due process summary is tabled alongside the TAC's final comment letter on phase 1 part 2 of the proposed amendments to the SASB Standards for discussion and tentative approval in this meeting.
3The appendix includes a copy of the draft due process summary.
Next steps
4The final due process summary will be tabled at a future meeting for discussion and approval.
Questions for the TAC
- Does the TAC have any comments on the draft due process summary in the appendix?
- Does the TAC tentatively approve the draft due process summary?
Appendix – Draft due process summary
Project initiation
| Due process tasks | Status | Comments |
|---|---|---|
| A project management plan and assessment approach, including target timeline, is prepared and approved by the TAC. The project management plan is published on the FRC website. | Expected | The project management plan was prepared and approved (Paper 2026-TAC-008) at a public meeting on 24 March 2026. It is available on the FRC website via the above link. |
Project delivery, including performing technical analysis
| Due process tasks | Status | Comments |
|---|---|---|
| The TAC, and FRC as TAC Secretariat, undertake outreach with UK stakeholders. | Expected | The FRC as TAC Secretariat undertook outreach with UK stakeholders by identifying key stakeholders and engaging with them via interviews and a roundtable. Participants represented preparers from a range of industries, as well as primary users. |
| A draft comment letter with an invitation to comment is prepared, approved by the TAC and published on the FRC website. | Optional | The TAC decided not to undertake a public consultation and instead used targeted outreach methods, including a roundtable and bilateral interviews, to achieve a similar evidence-gathering outcome. This approach also ensured that the assessment remained proportionate, taking into account the voluntary nature of the SASB Standards. |
| Research activities are reviewed and noted by the TAC. | Optional | The TAC Secretariat's research activities included: - performing a desktop analysis of the proposed amendments; - reviewing relevant ISSB materials, including the Exposure Draft, Basis for Conclusions, staff papers and meeting materials; - assessing relevant third-party commentary, publications and market developments; and - reviewing selected company reports to understand how current reporting practices compare with the proposed SASB Standards disclosures. These activities informed the development of the TAC's technical papers, available on the FRC website. |
| A stakeholder feedback summary is prepared and approved by the TAC. The stakeholder feedback summary is published on the FRC website. | Expected if a draft comment letter has been published for consultation | Although the TAC decided not to undertake a public consultation on the draft comment letter, a summary of stakeholder feedback from the roundtable and bilateral interviews was presented to the TAC in Paper 2026-TAC-016. It is available on the FRC website via the above link. |
| A final comment letter is prepared and approved by the TAC. | Mandatory | The TAC is asked whether it has any comments on and approves the comment letter in Paper 2026-TAC-018. |
| The final comment letter is submitted to the ISSB and published on the FRC website. | Mandatory | Once approved, the final comment letter will be submitted to the ISSB and published on the FRC website. |
Project closure
| Due process tasks | Status | Comments |
|---|---|---|
| A due process summary is prepared and approved by the TAC. The due process summary is published on the FRC website. | Expected | The TAC is asked whether it has any comments on and tentatively approves the draft due process summary. The final due process summary will be tabled at a future meeting for final approval before it is published on the FRC website. |
| A lessons learnt exercise is performed by the TAC. | Optional | The TAC may perform a lessons learnt exercise at a future meeting. |
TAC meetings
| Due process tasks | Status | Comments |
|---|---|---|
| There are a number of requirements in the TAC's ToR relating to meetings, including that: - meetings are quorate; - recordings are available on the FRC website within 5 working days; - agendas and technical papers are agreed by the TAC Chair, circulated to members at least 5 working days in advance and published on the FRC website; and - summaries are approved by the TAC Chair and published on the FRC website within 10 working days. |
Mandatory | The project was discussed in public meetings held on 17 March, 21 April, 19 May and 16 June 2026. It will be discussed in a public meeting held on 14 July 2026. As of 29 June 2026 (the date of preparing this draft due process summary), the meetings have complied with due process. Meetings agendas, technical papers, summaries and recordings, are available on the FRC website. All agendas, papers and recordings were published within the timeframe specified by the TAC's Terms of Reference. |
Conclusion
As at 29 June 2026, the development of the comment letter has complied with due process.
-
The TAC's DPP is available at: https://www.frc.org.uk/library/external-groups/uk-sustainability-disclosure-tac/uk-sustainability-disclosure-tac-terms-of-reference/ ↩