UK’s FRC Issues Standard for Sustainability Data Assurance

The UK’s Financial Reporting Council (FRC) has issued International Standard on Sustainability Assurance (UK) 5000 to provide a consistent, internationally aligned assurance standard for voluntary use in sustainability assurance engagements.
The UK Standard is intended for voluntary use by UK assurance providers and applies to both limited and reasonable assurance. Sustainability assurance assesses the credibility of non-financial reporting, such as ESG data.
ISSA (UK) 5000 is a UK version of the global benchmark standard for sustainability assurance developed by the International Auditing and Assurance Standards Board (IAASB).
Mark Babington, executive director of regulatory standards at the FRC, said: “The release of ISSA (UK) 5000 marks a significant step in establishing a consistent framework for sustainability assurance in the UK.”