AICD supports establishment of Sustainability Standards Board

Friday, 18 December 2020

The AICD has lodged a submission with the IFRS foundation supporting in principle its aim to create a set of a global set of internationally recognised sustainability reporting requirements, supporting comparability and consistency.


We believe a rationalisation approach and a framework that might make it easier for directors to report against a single, commonly understood set of standards – rather than a multiplicity of overlapping and potentially conflicting standards – is a good thing for companies, investors and the broader stakeholder community.

We noted that, for this to succeed, it is critical that IFRS creates a rationalised standard. It would be a poor outcome if IFRS merely added to the multiplicity of standards that already exist. In our view, this will require significant outreach from IFRS at a preliminary stage.

Latest news

This is of of your complimentary pieces of content

This is exclusive content.

You have reached your limit for guest contents. The content you are trying to access is exclusive for AICD members. Please become a member for unlimited access.