IFRS to Open China Office as Asia Base for ISSB

The IFRS Foundation has signed an agreement to open an office in China from which it will base Asian operations of the International Sustainability Standards Board (ISSB). The three-year memorandum of understanding was signed with the Chinese Ministry of Finance and will initially be the office of ISSB member Bing Leng. “The announcement of the Beijing office is an important step towards the establishment of our global footprint in the ISSB’s inaugural year,” said ISSB chair Emmanuel Faber.