FRC calls for the IRFS Foundation to 'move at pace'

Dec 18, 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, saying that they "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.

You can find the IFRS Foundation's published Consultation Paper to assess demand for global sustainability standards here