All open SASB Standards projects were transitioned to the ISSB as of August 1, 2022, when the Value Reporting Foundation consolidated into the IFRS Foundation. The SASB Standards Board’s recommended changes were passed to the ISSB for further deliberation and will be subject to the IFRS Foundation’s due process.
Work is expected to continue on these projects, although public consultation on the ISSB's future agenda priorities will inform their detailed delivery plan.
Additionally, the ISSB will enhance the international applicability of the SASB Standards. In other words, the ISSB is not just preserving the SASB Standards, it is updating and improving them to provide a solid footing when companies use them when applying the new IFRS Sustainability Disclosure Standards. As part of that process, a group of ISSB members—chaired by Jeff Hales, former Chair of the SASB Standards Board—has been established and tasked with developing recommendations for the ISSB related to the maintenance, evolution and enhancement of the SASB Standards. The group will develop drafts of the required exposure drafts of amendments to the SASB Standards and, after considering the stakeholder feedback, drafts of the final amendments. The ISSB as a full board will consider the recommendations of this group in ISSB meetings (which are public) and ratify the exposure drafts and, subsequently the final amendments prepared by the group. The comment period for the exposure drafts will be the same as for those related to IFRS Sustainability Disclosure Standards.
Stay up to date on the ISSB’s work plan, decisions and projects by subscribing to receive sustainability alerts via the IFRS Foundation’s notifications dashboard.