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.
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