Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether he plans to consult stakeholders on (a) alignment with international reporting standards and (b) the potential impact on companies as part of the first two UK Sustainability Reporting Standards, expected in Q1 2025.

The Government will shortly publish a consultation covering the endorsement of International Sustainability Standards Board (ISSB) Standards. It will seek views on UK versions of the ISSB Standards, which will be known as UK Sustainability Reporting Standards, including on the costs and benefits of reporting against those Standards. The Government will take endorsement decisions later this year, following the consultation.