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Sustainable Development: Standards

Asked by Sarah GibsonLiberal DemocratDepartment for Business and TradeTabled Answered 16 May 2025UIN 51064

The question

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.

Answered by Justin Madders

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.

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