IFRS Foundation Trustees consider sustainability reporting

On 30 September 2020, the Trustees of the IFRS Foundation published a Consultation Paper on Sustainability Reporting (Paper). The paper sets out the view of the IFRS Foundation Trustees on how the IFRS Foundation may contribute to the development of consistent, global requirements for sustainability reporting, which would enhance the usefulness and comparability of information provided to stakeholders (e.g. investors, the corporate sector, central banks and market regulators).

BDO’s International Financial Reporting Bulletin (2020 13) summarises the current requirements for sustainability reporting, as well as the Trustees’ provisional approach, which is the creation of a Sustainability Standards Board to fall within the governance structure of the IFRS Foundation, alongside the International Accounting Standards Board.

Monitoring board

Deadline for comments

The Consultation Paper is available for public comment until 31 December 2020.

Subscribe to Corporate Reporting Insights


This publication has been carefully prepared, but is general commentary only. This publication is not legal or financial advice and should not be relied upon as such. The information in this publication is subject to change at any time and therefore we give no assurance or warranty that the information is current when read. The publication cannot be relied upon to cover any specific situation and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact the BDO member firms in Australia to discuss these matters in the context of your particular circumstances.

BDO Australia Ltd and each BDO member firm in Australia, their partners and/or directors, employees and agents do not give any warranty as to the accuracy, reliability or completeness of information contained in this article nor do they accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it, except in so far as any liability under statute cannot be excluded. Read full Disclaimer.