Posted on Tuesday, December 22, 2020

XBRL International, on behalf of all 19 national jurisdictions, submitted a comment letter to the IFRS Foundation providing input to their Consultation Paper on Sustainability Reporting. The Foundation received 361 comment letters.  

The XII letter supported the proposed creation of a Sustainability Standards Board (SSB) which was outlined in the consultation paper. The XII letter further focused on raising the importance of developing a single digital taxonomy to represent the standards; and to underscore the importance of integrating taxonomy development into the governance of standard setting work performed by the SSB.