ISSB announces membership of Transition Implementation Group
Keywords: Mazars, Thailand, Sustainability, ISSB, IFRS, Implementation, Report
The ISSB (International Sustainability Standards Board) announced on 14 September 2023 that it had appointed 17 technical experts[1] on sustainability and/or financial reporting as members of its Transition Implementation Group (TIG) (press release available here).
The purpose of the TIG is to support international implementation of the first two ISSB sustainability disclosure standards, IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 – Climate-related Disclosures, via a public forum for stakeholders from 15 different jurisdictions.
It should be noted that the TIG will not issue authoritative guidance, but summaries and recordings of its meetings will be made available on the IFRS Foundation website.
[1] Of which 13 are preparers and four are sustainability assurance providers.