Japan’s FASF extends purpose to sustainability
We were interested to note that Japan’s Financial Accounting Standards Foundation (FASF) has revised its organisational charter to include sustainability reporting standards in its purpose and business, in addition to accounting standards. While last week’s announcement of the formation of the International Sustainability Standards Board (ISSB) noted that discussions are ongoing to finalise the Board’s footprint in the Asia Oceania region, with proposals for offices from Beijing and Tokyo, this move is an important step in enabling collaboration on sustainability standards between FASF and the ISSB – as well as the evolution of national standards.
