La Fundación NIIF ha acogido con satisfacción la finalización del trabajo del Grupo de Trabajo sobre Información Financiera Relacionada con el Clima (TCFD) y la transferencia de las responsabilidades de supervisión al ISSB a partir de 2024.

Following the publication of the inaugural ISSB Standards—IFRS S1 and IFRS S2—the Financial Stability Board has asked the IFRS Foundation to take over the monitoring of the progress on companies’ climate-related disclosures from the Task Force on Climate-related Financial Disclosures (TCFD).

IFRS S1 and IFRS S2 fully incorporate the recommendations of the TCFD. As such, the FSB noted that the Standards mark "the culmination of the work of the TCFD", which was established in 2017 at the request of the Financial Stability Board.

The ISSB is working to support effective implementation of IFRS S1 and IFRS S2, which provide for a global baseline of sustainability-related disclosures worldwide, including capacity building and monitoring progress towards the broad use of high-quality disclosures.

As such, from 2024—as the ISSB Standards start being applied around the world—the IFRS Foundation will take over these responsibilities from the TCFD, which has been monitoring progress towards climate-related disclosures against the recommendations since they were published.

IFRS S1 provides a set of disclosure requirements designed to enable companies to communicate to investors about the sustainability-related risks and opportunities they face over the short, medium and long term.

IFRS S2 sets out specific climate-related disclosures and is designed to be used with IFRS S1. 
The ISSB is currently consulting on future standard-setting priorities beyond these inaugural Standards.