Official account for the IFRS Foundation and its standard-setting boards, the IASB and the ISSB. RTs are not endorsementsThe IFRS Foundation is a not-for-profit responsible for developing global accounting and sustainability disclosure standards, known as IFRS Standards.

Core values

- **Addressing Societal Needs and Issues**: The project focuses on developing global baseline standards for sustainability-related disclosures, which include environmental, social, and governance (ESG) metrics. This helps address critical societal issues such as climate change, human rights, and social inequalities[2][4].
- **Improving Quality of Life**: By promoting transparent and comparable reporting on ESG metrics, the project helps companies and investors make informed decisions that can lead to better environmental and social outcomes, ultimately improving the quality of life for communities[1][4].
- **Promoting Positive Change**: The standards aim to reduce fragmented disclosure requirements, encourage better sustainability practices, and support companies in managing sustainability-related risks and opportunities. This promotes positive change by driving more sustainable business practices and supporting transition and adaptation efforts[1].
- **Contributing to Community Well-being**: The project's emphasis on reporting environmental and social impacts helps organizations focus on activities that contribute positively to community well-being, such as protecting human rights, ensuring safe and inclusive workplaces, and supporting community development[1][4].