Which of the following bodies is in-charge of developing IFRS Sustainability disclosure standards?

Question

BlackTom AI · Accepted Answer

The question asks which body is in-charge of developing IFRS Sustainability disclosure standards.
Option a: ISSB — This is the correct description. The International Sustainability Standards Board (ISSB) was established to develop, in one place, a comprehensive global baseline of high-quality sustainability disclosure standards, now integrated with IFRS Foundation governance.
Option b: IFRS Foundation Advisory Council — This body serves in an advisory capacity to the IFRS Foundation and ISSB, providing strategic input and guidance, but it does not develop the standards themselves.
Option c: IFRS Foundation Trustees — The Trustees are the governing body of the IFRS Foundation, responsible for oversight and funding, not the day-to-day standard-setting work for sustainability disclosures.
Option d: IASB — The International Accounting Standards Board develops IFRS accounting standards (financial reporting), not the sustainability disclosure standards. While the IASB is part of the IFRS Foundation, the specific sustainability standards are developed by the ISSB under IFRS Foundation governance.
Thus, the entity charged with developing IFRS Sustainability disclosure standards is the ISSB, making option a the correct choice.

Which of the following bodies is in-charge of developing IFRS Sustainability disclosure standards?Single choice

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