ecoDa’s response to ISSB consultation on agenda priorities

On July 17 ecoDa and its working group on audit committees submitted ecoDa’s response to the ISSB’s consultation request on agenda priorities. ecoDa’s e response addresses several key areas of the, including strategic direction, sustainability reporting criteria, new research and standard-setting projects, and integration in reporting.

ecoDa’s response mostly emphasises the necessary harmonisation between jurisdictions especially, and recommends the ISSB to concur with EFRAG on this. It prioritises new research and standard-setting prioritises, followed by supporting the implementation of the IFRS S1 and S2, researching target enhancements to the current ISSB Standards, and enhancing the Sustainability Accounting Standards Board (SASB). Additionally, ecoDa strongly believes that topics such as climate change, biodiversity, and human rights should be researched without delay.

ecoDa suggests that the ISSB should prioritise more than one project, with the highest priority given to biodiversity, ecosystems, and ecosystem services. This is followed by human rights and human capital. ecoDa also thinks that putting information in a more structured format to gain more insight into relationships is important and should be reviewed as part of each standard. Finally, we agree that the ISSB should build on and incorporate concepts from the IASB’s Exposure Draft Management Commentary and the Integrated Reporting Framework.