TECHNICAL ROUND UP – IFAC CALLS ON EU TO BETTER DOVETAIL ESRS WITH ISSB
July 21st, 2023
The International Federation of Accountants (IFAC) has called on the European Union (EU) to work with the International Sustainability Standards Board (ISSB) to better align new mandatory EU sustainability reporting standards with the ISSB model. IFAC wants ISSB standards to be a "comprehensive global baseline of sustainability disclosures". While it has welcomed efforts to dovetail European Sustainability Reporting Standards (ESRS) with ISSB models, IFAC said: "Substantive differences remain, so collaboration must continue,” to ensure "interoperable ESRS and ...
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