ICAI Invites Comments on ISSB’s Proposed Sustainability Disclosure Amendments
- Blog|News|Account & Audit|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 16 June, 2026
Latest from Taxmann
The Sustainability Reporting Standards Board (SRSB) of ICAI has invited stakeholder comments on an Exposure Draft issued by the International Sustainability Standards Board (ISSB) proposing amendments to certain industry-specific sustainability disclosure standards.
The initiative aims to facilitate Indian participation in the global sustainability standard-setting process.
1. Proposed Amendments to SASB Standards
The Exposure Draft proposes amendments to three SASB Standards relating to the following industries:
- Agricultural Products;
- Meat, Poultry & Dairy; and
- Electric Utilities & Power Generators.
The proposed changes are intended to enhance the relevance and effectiveness of sustainability-related disclosures in these sectors.
2. Supporting Materials Released by ISSB
Along with the Exposure Draft, the ISSB has released:
- Industry snapshots; and
- Supporting explanatory materials
outlining the proposed amendments and the rationale behind the changes.
These materials are intended to assist stakeholders in understanding the proposed revisions and their potential implications.
3. Potential Impact on Sustainability Reporting
The proposed amendments could influence future sustainability reporting requirements for entities operating in the affected sectors.
Companies engaged in agriculture, food production, power generation and related industries may therefore have a significant interest in the outcome of the consultation process.
4. SRSB Seeks Stakeholder Participation
To enable Indian stakeholders to contribute to the global standard-setting exercise, the SRSB has invited comments and feedback on the Exposure Draft.
The feedback received will help represent Indian perspectives in the development of international sustainability disclosure standards.
5. Last Date for Submission of Comments
Stakeholders may submit their comments to ICAI’s SRSB by:
25 June 2026
6. Objective of the Consultation
The consultation seeks to encourage broader stakeholder engagement in the evolution of sustainability reporting standards and ensure that the views of Indian preparers, auditors, regulators and industry participants are considered in the ISSB’s standard-setting process. The proposed amendments may have an important bearing on future sustainability disclosure practices in the affected industries.
Click Here To Read The Full Story
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
