International update: March 2022

The agenda for the Board’s February 2022 meeting was packed. This gave vice chair Sue Lloyd the chance to share her thoughts on the maximum number of projects before leaving at the end of the month to join the International Sustainability Standards Board (ISSB). This article focuses on the first feedback from the Board’s proposed new approach to setting disclosure requirements. Companies, which had field-tested the proposals, and investors had expressed support for what the Board was trying to achieve but had been less keen on the way in which it is going about it. There is also a brief update on primary financial statements (PFS). Details of the Board’s latest discussion on its future work programme are included in a separate article below.