Sustainability reporting gets reaction

Which body has issued the Discussion Paper?

International Accounting Standards Board

IFRS Interpretations Committee

IFRS Foundation

Accounting Standards Committee

Which accounting standard currently covers sustainability reporting?

IFRS 16

IAS 36

IFRS 15

No accounting standards specifically cover it

What is the current situation regarding sustainability reporting?

All listed companies must show progress towards net-zero

Generally entities provide their own framework and disclosures

All listed companies must follow global reporting standards

All listed companies in non-compliance face penalties

Which, if any, of the following statements is correct? Statement 1 - No global sustainability reporting standards currently exist, or Statement 2 - Individual targets for emissions are included in the Consultation Paper

Both statements are correct

Neither statement is correct

Statement 1 only is correct

Statement 2 only is correct

Which of the following is proposed by the IFRS Foundation?

To ensure the IASB look at including a new standard on sustainability reporting

None of these

To contribute a discussion and feedback to the global sustainability initiative

To set up a new Board to look at sustainability reporting

What is a stated aim of the proposed new body?

To promote good financial reporting practices globally

None of these

Developing and maintaining a set of global sustainability-reporting standards

To develop financial reporting standards that bring accountability, transparency and efficiency to global markets

Where would the proposed board sit within the current IFRS organisation?

Outside of the organisation, but the IFRS Foundation would have regular input

As a separate division of the IASB

Within the IFRS Foundation trustees

As a separate body, alongside the IASB

What is the proposed name of the new body?

Sustainability Trek

Sustainability Standards Board

Sustainability Force

International Federation of Sustainability

Which, if any, of the following statements is correct? Statement 1 - The Board is to be set up immediately following the feedback, or Statement 2 - The feedback has agreed specific carbon targets to include in the standards

Statement 1 only is correct

Statement 2 only is correct

Both statements are correct

Neither statement is correct

How many comment letters were received as part of the consultation?

67

577

200

943

Sustainability reporting gets reaction

Which body has issued the Discussion Paper?

Which accounting standard currently covers sustainability reporting?

What is the current situation regarding sustainability reporting?

Which, if any, of the following statements is correct? Statement 1 - No global sustainability reporting standards currently exist, or Statement 2 - Individual targets for emissions are included in the Consultation Paper

Which of the following is proposed by the IFRS Foundation?

What is a stated aim of the proposed new body?

Where would the proposed board sit within the current IFRS organisation?

What is the proposed name of the new body?

Which, if any, of the following statements is correct? Statement 1 - The Board is to be set up immediately following the feedback, or Statement 2 - The feedback has agreed specific carbon targets to include in the standards

How many comment letters were received as part of the consultation?

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