Consultation Responses

IR Society News Consultation Responses Policy & Positions 1 August, 2022

The IR Society welcomed the publication of the ISSB Exposure Draft IFRS S2 Climate-related Disclosure, which is based on those developed by the Task Force on Climate-Related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB), and called for as much harmonisation and convergence with existing and emerging standards and frameworks in reporting as possible. The Society also noted that international collaboration in the development of any global baseline for climate reporting will be essential for the creation of a disclosure system that can be implemented globally with a consistent approach across markets, thereby optimising reporting efficiency for companies falling under multiple reporting regimes. The Society called for flexibility around the location of climate-related financial disclosure, provided the core information is still required to be included within the annual report and accounts, and suggested that any climate-related disclosure requirements should recognise that reporting entities may not to be able to obtain complete and accurate, or even estimated, data from entities in the value chain that are beyond the reporting entity’s control.

IR Society News Consultation Responses Policy & Positions 18 July, 2022

The IR Society responded to the UK’s Transition Plan Taskforce’s call for evidence, supporting the sector-neutral approach and calling for transition plan disclosure requirements to be high level and principles-based, to be underpinned by more detailed non-mandatory guidance (including practical examples). Metrics should be included in such non-mandatory guidance, to give companies the flexibility to determine their own data points / Key Performance Indicators for how they measure progress. The Society called for flexibility around the location of transition plan disclosures, provided the core information is still required to be included within the annual report and accounts, and suggested that any transition plan requirements should recognise that reporting entities may not to be able to obtain data relating to energy usage and emissions from entities in the value chain that are beyond the reporting entity’s control.

Consultation Responses 16 June, 2022

The IR Society has today responded to the SEC consultation on proposed climate-related disclosures, calling on the SEC to allow the use of the ISSB climate standard to meet the requirements of the SEC’s proposed rule for foreign issuers such as Form 20-F filers and companies with ADRs (American Depositary Receipts). This would be especially beneficial for those whose home market is likely to require the ISSB standards (like the UK), as it would avoid the need for duplicative reporting.

Consultation Responses 20 October, 2021

IR Society response to CP21/24 ‘Diversity and inclusion on company boards and executive committees’

IR Society News Consultation Responses 13 July, 2021

The IR Society response to the BEIS Consultation on 'Restoring trust in audit and corporate governance'

Consultation Responses 2 April, 2019

The IR Society response to the FRC's consultation on Proposed Revisions to the UK Stewardship Code

Consultation Responses 28 February, 2018

The IR Society response to the FRC's Proposed Revisions to the UK Corporate Governance Code.