24. June 2022

IFRS Foundation appoints two further inaugural ISSB members

On 24 June 2022 the IFRS Foundation announced the appointment of two further inaugural members of the as inaugural members of the International Sustainability Standards Board (ISSB): Jeffrey Hales und Michael Jantzi.

After the appointments of Emmanuel Faber and Sue Lloyd as Chair and Vice-Chair of the ISSB In December 2021 and January 2022 and the appointments of four further inaugural members earlier in June 2022 the quorum of eight members is now achieved.

The further appointments are staggered and are expected as early as July 2022. The aim is to complete the appointment of the inaugural members of the ISSB during the third quarter of 2022.

The ISSB’s first public meeting will be held in Frankfurt (Main) in the week commencing 18 July 2022. Stakeholders can observe the Board’s discussions live on the IFRS Foundation’s website.

The ISSB aims at developing a comprehensive global baseline for sustainability disclosures. On 31 March 2022 the International Sustainability Standards Board (ISSB) delivered two proposals and additional documents in order to create that global baseline. The Exposure Drafts (ED) on Sustainability reporting for public consultation are: ED IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and ED IFRS S2 Climate-related Disclosures.

The ISSB is seeking feedback on the proposals with the consultation period closing on 29 July 2022. The DRSC and ISSB had held a common outreach event on these two EDs on 21 June 2022 in Frankfurt.