IASB and ISSB Work to Integrate Reporting Framework

  This work could include projects that would enhance the Integrated Reporting Framework, resulting in the publication of materials applicable to both boards. The boards also announced a commitment for a corporate reporting framework, incorporating principles and concepts from the current Integrated Reporting Framework, which was developed by the Value Reporting Foundation (VRF).   “We are convinced that the Integrated Reporting Framework drives high-quality corporate reporting and connectivity between financial statements and sustainability-related financial disclosures, which improves the quality of information provided to investors,” IASB Chair Andreas Barckow and ISSB Chair Emmanuel Faber said in a news release. “Therefore, we strongly encourage continued use of the Integrated Reporting Framework and the Integrated Thinking Principles underpinning it.”   The ISSB was formed as the result of the merger of the Climate Disclosure Standards Board (CDSB) and the VRF. The VRF itself was the result of the merger of the former Sustainability Accounting Standards Board and the International Integrated Reporting Council.