The IFRS Foundation trustees have started the search for up to 11 members for the newly formed International Sustainability Standards Board (ISSB)
This follows the appointment of ISSB chair Emmanuel Faber late last year and the imminent announcement of the ISSB vice-chairs.
The ISSB will work alongside and in close cooperation with the International Accounting Standards Board (IASB) and will be responsible for developing IFRS sustainability disclosure standards that provide a global baseline of disclosure requirements designed to give investors transparent, high-quality, globally comparable sustainability information.
Members of the ISSB will be appointed for a term of up to five years, renewable for up to three years. The roles are full-time, although a number of part-time members may be appointed.
The job description sets out the key attributes for the roles, including a strong understanding of, and interest in, sustainability disclosures and the broader global environment in which the ISSB will operate (including financial, economic, business, environmental, social and other relevant societal matters); intellectual rigour and balanced judgment; a high level of stakeholder engagement, demonstrating sensitivity and responsiveness, and influencing skills; independence; and a commitment to serving the public interest.
Interviews for successful applicants will commence in early February 2022. The ISSB is expected to start meeting in the second quarter of 2022.
The ISSB’s composition is set out in the Foundation’s constitution and will comprise up to 14 members in total.
The ISSB will have a global and multi-location presence with the seat of the board based in Frankfurt, Germany.