FRC response to IFRS Foundation consultation on sustainability reporting
18 December 2020
The FRC has responded to the IFRS Foundation’s Consultation Paper on Sustainability Reporting.
The FRC welcomes the consultation and supports the development of global standards for sustainability reporting. These will improve the quality and quantity of sustainability information in a consistent way that meets the needs of users.
The FRC's main comments include:
- Support for establishing a Sustainability Standards Board within the IFRS Foundation architecture.
- Recommendation to build on the work done by existing framework providers.
- Encouraging the IFRS Foundation to move at pace to develop sustainability reporting standards.
A link to the FRC's response can be viewed here