International Financial Reporting Standards (IFRS) Foundation

EU Legislative Interests

The IFRS Foundation follows any initiatives, policies and legislative files that relate to Regulation (EC) No 1606/2002 of the European Parliament and of the Council which declared that IFRS Standards should be incorporated into Union law in order to be applied in the consolidated accounts of companies with securities listed on a regulated market in the Union. In addition, the IFRS Foundation undertakes activities that contribute to the specific objective identified in Article 3(2)(c)(ii) of Regulation EU 2021/6901 (Regulation (EU) 2021/690 of the EUROPEAN PARLIAMENT AND OF THE COUNCIL of 28 April 2021 establishing a programme for the internal market, competitiveness of enterprises, including small and medium-sized enterprises, the area of plants, animals, food and feed, and European statistics (Single Market Programme) and repealing Regulations (EU) No 99/2013, (EU) No 1287/2013, (EU) No 254/2014 and (EU) No 652/2014.) The IFRS Foundation also follows any initiatives, policies and legislative files that relate to Corporate Sustainability Reporting Directive (Directive (EU) 2022/2464 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU, as regards corporate sustainability reporting).

Communication Activities

Those relating to the above.

Interests Represented

Does not represent commercial interests

Member Of

Chair of International Accounting Standards Board is a member of the Financial Stability Board. International Sustainability Standards Board representative is an observer GHG Protocol Independent Standards Board.

Organisation Members

For information on our structure, please see https://www.ifrs.org/about-us/our-structure/ The Trustees of the IFRS Foundation are responsible for the governance and oversight of the IFRS Foundation, the International Accounting Standards Board and the International Sustainability Standards Board. For more information about the Trustees please see https://www.ifrs.org/groups/trustees-of-the-ifrs-foundation/#about For more information about the International Accounting Standards Board, please visit https://www.ifrs.org/groups/international-accounting-standards-board/ For more information about the International Sustainability Standards Board, please see https://www.ifrs.org/groups/international-sustainability-standards-board/ IFRS Foundation Consultative bodies: Developing accounting and sustainability-related disclosure standards for the global economy is a collaborative exercise founded on transparency, full and fair consultation and accountability. Our Due Process Handbook—the blueprint for the standard-setting process, which ensures that IFRS Standards are developed free from undue influence—requires that the boards consider the perspectives of those affected by IFRS Standards globally. To enable us to consult widely, we work closely with a wide network of advisory committees and bodies, representing the many different stakeholder groups that have an interest in and are affected by financial reporting. These groups and bodies are important channels for us to gather input on our work; the groups enable us to efficiently consult with interested parties from a range of backgrounds and geographical regions. For more information on our consultative groups and their members, please see: https://www.ifrs.org/about-us/our-consultative-bodies/