Global ESG Rulemaker Completes Takeover of Top Standard Setter

The IFRS Foundation, which sets global financial and sustainability reporting rules, said Monday that it has completed the takeover of the Value Reporting Foundation, the leading voluntary standard setter.

IFRS is the parent of both the International Sustainability Standards Board and the International Accounting Standards Board. VRF runs the Sustainability Accounting Standards Board and the Integrated Reporting Framework, and its rules underpin those being set by the new ISSB.

• “These consolidations help us to respond to the demand from stakeholders and deliver on the commitment we made at COP26—to harmonize the sustainability disclosure landscape and build on the work of ...