Asked by: Mark Pawsey (Conservative - Rugby)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether it is his policy to consult on a process for adopting the sustainability reporting standards to be issued by the International Sustainability Standards Board.
Answered by Kevin Hollinrake - Minister of State (Department for Business and Trade)
The Government strongly supports the development of IFRS Sustainability Disclosure Standards by the International Sustainability Standards Board and is committed to developing an endorsement and adoption mechanism to allow for use of the Standards in the UK. The Government will consult on the endorsement and adoption mechanism in due course.