IFRS Foundation Responses to G7 Finance Ministers’ Communique Regarding Global Sustainability Standards


 LONDON - The G7 Finance Ministers met on June 5, 2021, and issued a Communique that referenced the ongoing work of the Trustees to consider the formation of a new sustainability board within the governance structure of the IFRS Foundation.

Commenting on the meeting Communique, Erkki Liikanen, Chair of the IFRS Foundation Trustees, said: “We welcome the G7 Finance Ministers’ support for our work to develop the global baseline of sustainability-related financial disclosures and our ongoing dialogue with key stakeholders regarding the proposed establishment of an International Sustainability Standards Board ahead of COP26.”