Only 2 days after the IFRS Foundation made key announcements about its ISSB initiative (cf our post dated 3rd November), the EU confirms the composition of the experts working group charged with drafting the EU Sustainability Reporting Standards.

One major will be: how tightly will EFRAG and ISSB work on those issues?

In particular, will they adopt the “double materiality” concept (presumably not as far as IFRS – ISSB is concerned) and will they use the same Taxonomy as an input (again, the likelihood is that they won’t… so how much divergence will there be?).


The EFRAG announcement:–Members-of-the-Expert-Working-Groups-to-provide-input-on-the-drafting-of-European-sustainability-reporting-standards?AspxAutoDetectCookieSupport=1