The International Sustainability Standards Board (ISSB) called for feedback on its agenda priorities for the next 2 years. 

We provided a joint submission with CPA Australia with both overarching comments and responses to the specific questions asked by the ISSB.

We congratulate the ISSB and acknowledge the efforts taken to publish IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures (The Standards). 

It is now critical that effective implementation of the Standards is prioritised. The ISSB has a leading role to play engaging with jurisdictions to effectively build capacity and maximise and maintain interoperability of the global baseline as the Standards are adopted. 

We make particular comments about:

• It is fundamental for the ISSB’s approach to be collective and coordinated with existing organisations and developing frameworks. Including consideration of existing materials available.
• The importance for the ISSB to share their strategic direction, including a proposed roadmap and timeline going beyond two years, that illustrates the connectivity and potential scope of the eventual suite of ISSB standards

These particular comments and our responses to the specific questions raised by the ISSB can be found below.

We also supported the coordination of and contributed to:

• The Peak Australian Bodies submission, which collectively represents the voice of 15 peak professional, industry and investor bodies in Australia,
• The Global Accounting Alliance submission, which represents the voices of 10 leading professional accounting bodies around the world.