The IFRS Foundation Trustees has appointed Jeffrey Hales and Michael Jantzi as members of the International Sustainability Standards Board (ISSB), effective July 2022.
Hales has served as chair of the SASB Standards Board since 2018. He has previously served as an academic research fellow at the Financial Accounting Standards Board in the US and as a member of its Financial Accounting Standards Advisory Council.
Jantzi has 30 years experience in responsible investment and sustainable finance. He joins the ISSB from Morningstar, where he currently serves as managing director of ESG Strategy. He is the founder and former CEO of Sustainalytics, an ESG research.
The appointments of Hales and Jantzi bring the ISSB’s membership to eight, which allows the ISSB to operate. They currently plan to announce further appointments in July, with a goal to reach the full complement of 14 members during the third quarter of 2022.
The appointments, together with the recently announced appointment of Verity Chegar as vice-chair of the SASB Standard Board, will bring sustainability and industry-based standard-setting knowledge from the Value Reporting Foundation to the ISSB, and add unique expertise to its work.
The ISSB’s first public meeting will take place in Frankfurt the week commencing 18 July 2022.
Erkki Liikanen, chair of the IFRS Foundation Trustees, said: “Guided by an international search firm, the Trustees have followed a thorough and extensive appointment process―reflecting the importance of this work. I welcome Jeff and Michael to the ISSB.”
Emmanuel Faber, ISSB chair, said: “With today’s announcement, the ISSB has reached a quorum. Jeff and Michael bring significant sustainability, investment and standard-setting expertise to the ISSB. I’m thrilled to have them on board.”
Hales said: “As a strong advocate of private-sector standard-setting, I fully support the IFRS Foundation’s mission, the formation of the ISSB, and its commitment to build upon SASB Standards.
“I am honoured to be an inaugural ISSB member and look forward to working with my fellow board members and stakeholders to help meet investors’ pressing needs for rigorous, relevant and comparable sustainability-related financial information.”
Jantzi said: “The ISSB announcement was a historic milestone towards much-needed alignment of sustainability disclosures around the world. I am excited to join the ISSB and look forward to working with the other board members to deliver sustainability disclosures that meet the information needs of the capital markets.”