The International Sustainability Standards Board (ISSB), established at COP26 to develop a comprehensive global baseline of sustainability disclosures for the capital market, launched a consultation on its first two proposed standards; general sustainability-related disclosure requirements (IFRS S1) and climate-related disclosure requirements (IFRS S2).
On Friday 22 July, INREV responded to the exposure drafts that best represent the interests of the non-listed real estate industry.
INREV’s response includes high-level views on the IFRS S1 and IFRS S2, and also covers some of the detailed questions on reporting criteria, materiality approach, digital reporting and costs, benefits, and likely effects of the disclosures.