CRIRSCO and ESG reporting

Following its recent AGM, CRIRSCO has established a sub-committee which will meet virtually on a regular basis to discuss ESG matters. The ultimate intention being to take all the NRO updates on the subject and selectively incorporate into the next update of the CRIRSCO Template. It was agreed that ESG experts from NROs would also be invited to participate. The first meeting to establish the Terms of Reference has been held.

CRIRSCO notes that the International Financial Reporting Standards Foundation, or IFRS Foundation, is setting up a separate organisation (similar to IASB) which would deal with international sustainability standards. See: the link below to the International Sustainability Standards Board (ISSB):

IFRS – IFRS Foundation announces International Sustainability Standards Board, consolidation with CDSB and VRF, and publication of prototype disclosure requirements