The International Sustainability Standards Board (ISSB) has formed a Transition Implementation Group (TIG) for IFRS S1 and IFRS S2, which are the first two Sustainability Disclosure Standards developed by the ISSB. These standards aim to provide comprehensive global sustainability disclosures for the capital markets. The TIG’s purpose is to assist in implementing these standards and act as a platform for stakeholders to pose implementation-related questions to the ISSB. The TIG consists of 17 members, including preparers and assurance providers, representing various global jurisdictions. While the TIG won’t issue authoritative guidance, the IFRS Foundation will publish meeting summaries and recordings. The ISSB encourages stakeholders to submit any question related to the implementation. For additional details, please read the submission guidelines.
Members of the TIG include individuals from companies like Air Canada, Aviva, Bradesco, CSSC (Hong Kong) Shipping Company Limited, Dangote Cement Plc, Deloitte, DHL Group, Dutch Lady Milk Industries Berhad, Ernst & Young, Johnson & Johnson, KPMG, MTN Nigeria Communications PLC, Nokia, PepsiCo, POSCO, PwC, and Solvay, selected for their expertise in sustainability and financial reporting.
More information on this topic can be found in the original article produced by the IFRS Foundation.
Kreston Stanley Williamson
*Correct as of 04 October 2023
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