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International Accounting Standards Board to Explore Improvements to Climate-Related Disclosure in Financial Statements
April 18, 2023On March 23, 2023, the International Accounting Standards Board (IASB) commenced a new “maintenance” project to “explore whether and how financial statements can better communicate information about climate-related risks.” The IASB is one of the two bodies within the IFRS Foundation, which is a not-for-profit organization established to develop globally accepted accounting and sustainability disclosure standards (“IFRS Standards”) and to promote and facilitate adoption of the standards, that develops standards focused on providing information to support investment decision-making.
