UK Sustainability Disclosure TAC issues call for evidence
News types: Codes and Standards Announcements, Consultation Announcement
Published: 19 July 2023
The Financial Reporting Council (FRC), in its role as The Secretariat to the UK Sustainability Disclosure TAC, has today issued a call for evidence to inform the proposed endorsement of the IFRS Sustainability Disclosure Standards in the UK.
The International Sustainability Standards Board (ISSB) published IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures in June 2023.
This call for evidence seeks views on whether application of these standards in a UK context will result in disclosures that are understandable, relevant, reliable and comparable for investors. It also considers technical feasibility, timeliness alongside financial reporting, and proportionality of costs to benefits.
Responses are welcome from those preparing corporate disclosures, investors, and other stakeholders with an interest in sustainability reporting. Responses will inform the technical assessment for endorsing IFRS S1 and S2 in the UK.
Responses should be submitted by 11 October 2023 to [email protected].