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TAC Public Meeting September 2026 Paper 3: SASB Phase 1 part 2 Final Due Process Summary updated

AGENDA PAPER 3

Executive summary

Logo for the UK Sustainability Disclosure Technical Advisory Committee

Category Details
Date 15 September 2026
Paper reference 2026-TAC-020
Project Proposed amendments to SASB Standards – Phase 1 part 2
Topic Final 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 to review and approve the final due process summary.
Appendices Appendix - Final 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 final due process summary is tabled for discussion and approval in this meeting. This follows the submission of TAC's final comment letter on phase 1 part 2 of the proposed amendments to the SASB Standards.

3The appendix includes a copy of the final due process summary.

Next steps

4The approved final due process summary will be published on the FRC website.

Questions for the TAC

Questions for the TAC
  1. Does the TAC have any comments on the final due process summary in the appendix?
  2. Does the TAC approve the final due process summary?

Appendix – Final 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 at a public meeting on 24 March 2026 (Paper 2026-TAC-008). 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, acting as Secretariat to the TAC, conducted outreach with UK stakeholders through a series of bilateral interviews and a roundtable discussion. The roundtable focused on the role of the SASB Standards in UK sustainability reporting and included stakeholders from a diverse range of industries. The bilateral interviews focused on the Agricultural Products; Meat, Poultry & Dairy; and Electric Utilities & Power Generators industries, which are the subject of the SASB consultation (SASB/ED/2026/1). The stakeholder selection approach and invitations for the roundtables focused on large listed preparers, given that these discussions were intended for companies across all industries. For the bilateral interviews, which were specific to the three industries under consultation, the selection approach included both listed and larger unlisted companies to increase stakeholder participation, recognising the limited number of companies within these industries. It should be noted that participation ultimately depended on stakeholders' willingness and availability to accept the Secretariat's invitation to engage.
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 in the UK.
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 approved the comment letter in the 14 July 2026 public meeting (Paper 2026-TAC-018).
The final comment letter is submitted to the ISSB and published on the FRC website. Mandatory The final comment letter was submitted to the ISSB and published on the FRC website on 22 July 2026.

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 approves the final due process summary. The approved due process summary will be published on the FRC website.
A lessons learnt exercise is performed by the TAC. Optional The TAC may perform a lessons learnt exercise in private meetings.

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, 16 June and 14 July 2026. The final due process summary will be discussed in a public meeting held on 15 September 2026.

As of 02 September 2026 (the date of preparing this draft of the final 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 02 September 2026, all due process requirements applicable to the development of the comment letter have been complied with.

Footnotes

  1. 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/ ↩

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Name TAC Public Meeting September 2026 Paper 3: SASB Phase 1 part 2 Final Due Process Summary updated
Publication date 08 September 2026
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