ISSB’s project on enhancing the SASB standards: update following the recent exposure draft public consultation

Stakeholders used the consultation as an opportunity to provide their thoughts on a number of key matters such as (i) the ISSB’s strategic direction as set out in its 2024-2026 work plan and (ii) perceived confusion regarding the role and status of the SASB’s standards in relation to the ISSB’s standards. Stakeholders acknowledged accordingly that the ISSB should strengthen how the SASB’s standards can be used in the context of implementing IFRS S1 and IFRS S2. 

The ratification of a prospective exposure draft, which would set out proposed amendments to the remaining three of the 12 SASB’s standards the ISSB has prioritised for enhancement, was also agreed. This exposure draft should possibly cover amendments to the IFRS S2 industry-based guidance to maintain alignment with the climate-related content in the SASB Standards. 

It is expected to be published in March 2026 for a 120-day comment period. 

• ISSB’s update available here. 
• Forvis Mazars’ response to this public consultation can be found here.