The IFRS Foundation is a not-for-profit, public interest organisation established to develop high-quality, understandable, enforceable and globally accepted accounting and sustainability disclosure standards.
Our Standards are developed by our two standard-setting boards, the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB).
IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB). The IASB is an independent standard-setting body within the IFRS Foundation.
IFRS Accounting Standards are, in effect, a global accounting language—companies in more than 140 jurisdictions are required to use them when reporting on their financial health. The IASB is supported by technical staff and a range of advisory bodies.
IFRS Sustainability Disclosure Standards are developed by the International Sustainability Standards Board (ISSB). The ISSB is an independent standard-setting body within the IFRS Foundation.
IFRS Sustainability Standards are developed to enhance investor-company dialogue so that investors receive decision-useful, globally comparable sustainability-related disclosures that meet their information needs. The ISSB is supported by technical staff and a range of advisory bodies.
Why do we believe in a global baseline of sustainability disclosures for the capital markets?
The IFRS Foundation is committed to supporting regulators around the world in adopting the Standards in a timely and consistent manner. In due course, the IFRS Foundation will complete its Adoption Guide to support jurisdictions in their adoption of IFRS S1 and IFRS S2.
Discover more via the resources below.
At COP26, the IFRS Foundation announced it will work with jurisdictions globally to deliver a ‘comprehensive global baseline’ of sustainability disclosures for the capital markets
On 25 July 2023, the International Organization of Securities Commissions (IOSCO) announced its endorsement of the International Sustainability Standards Board’s Standards following its comprehensive review of the Standards
Read about the mechanisms that the IFRS Foundation and the ISSB are working on to support regulatory implementation, as well as steps that have already been taken such as building proportionality mechanisms and transition reliefs into the Standards, published in July 2023
The Preview aims to support transparency for capital markets, regulators and other stakeholders by setting out the features of jurisdictional approaches to adoption, published in February 2024
Close to 400 organisations from 64 jurisdictions have committed to advancing the adoption or use of the International Sustainability Standards Board’s climate-related reporting at a global level
To assist ISSB stakeholders, we offer a compilation of ongoing and completed jurisdictional consultations concerning sustainability-related disclosures
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