AICD signatory to Peak Industry body submission on the ISSB's two-year work plan and priorities

The overriding message of the submission was that the ISSB should prioritise capacity building and support of effective implementation of IFRS S1 and IFRS 2 before proceeding to other research projects and/or the development of other sustainability standards (such as nature, human rights and human capital).

The submission also reiterated that the ISSB needs to collaborate with other existing frameworks and standards to reduce fragmentation in the market. Connectivity and collaboration between the ISSB and its sister board, the International Accounting Standards Board (IASB) was also highlighted as important, with a focus on how sustainability disclosures should be reflected in the financial statements.