UKEB and Other National Standard-Setters Publish a Joint Letter to the ISSB in Response to its Agenda Consultation
Published: 11 October 2023
Issued on behalf of the UKEB
The UKEB, the Australian Accounting Standards Board (AASB), Canadian Accounting Standards Board (AcSB), Malaysian Accounting Standards Board (MASB), and the New Zealand External Reporting Board (XRB), published a joint letter to the International Sustainability Standards Board (ISSB) highlighting their common concerns regarding its recent Agenda Consultation. The National Standard-setters (NSS) noted three key areas of concern for the ISSB to consider:
- Connectivity with accounting standards – all considered that close alignment and connectivity between financial and sustainability reporting is paramount to ensure that the information produced for investors is compatible and comparable.
- Strategic roadmap – communicating the ISSB’s long-term objectives and clarifying how these relate to the IASB’s roadmap was a critical next step.
- Implementation priority – the highest priority of the ISSB should be the successful implementation of the inaugural standards.