News February 2022 Sustainability Reporting

Sustainability Reporting

09 February 2022
The Financial Reporting Council FRC has today outlined its preliminary thoughts to the International Sustainability Standards Board (ISSB) on the prototypes published by the Technical Readiness Working Group to support the development of International Sustainability Standards.
 
The FRC strongly supports the development of global standards for sustainability reporting and the UK adoption of those standards.
 
In developing those standards, the FRC recommends that the ISSB:
  • Provides stakeholders with an outline of the architecture of the standards;
  • Considers the four pillars of the TCFD in the context of the overall framework for narrative reporting; and
  • Discuss the extent to which governance reporting will be within the scope of the ISSB standards.
The FRC's full response is available here

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William BoyackSenior Communications Manager