The EACB believes that the key matter to be addressed in the coming two-year period is advancing disclosures on sustainability matters, either by supporting companies in their disclosures or by increasing the scope of guidance available to other sustainability matters. For this reason, the International Sustainability Standards Board should prioritise the implementation support for the first two global sustainability standards (IFRS S1 and IFRS S2) over considering new potential topics or standards.
Should the global standard setter still decide to tackle a new topic, the EACB would suggest giving priority to the research project on Biodiversity, ecosystems and ecosystem services. Making progress on this would lead to a more complete coverage of environmental sustainability topics and could serve as a new basis for exploring interrelatedness between these topics and climate and their synergies with financial accounting standards.