The German Accounting Standards Committee (DRSC) has been selected to serve on the Sustainability Standards Advisory Forum (SSAF) of the International Financial Reporting Standards (IFRS) Foundation for the 2026–28 mandate.
The appointment comes after the DRSC applied last month to become part of the advisory body.
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In the new role, the DRSC will support the IFRS Foundation and the International Sustainability Standards Board (ISSB) on the development of the IFRS Sustainability Disclosure Standards.
This move comes at a time when attention around the IFRS Sustainability Disclosure Standards – IFRS S1 and IFRS S2 – is shifting from drafting new rules towards their rollout and interpretation.
Europe currently has three seats on the SSAF.
Alongside the DRSC, European representation on the body includes the European Financial Reporting Advisory Group and the UK’s Financial Reporting Council.
The reconstituted SSAF is scheduled to hold its first meeting online on 24 March 2026.
In the statement, the DRSC said it will bring German viewpoints and technical input into the continuing refinement of the sustainability disclosure standards.
Among its recent engagements, the committee has made a submission to the ISSB’s Transition Implementation Group addressing the issue of Anticipated Financial Effects.
DRSC president Georg Lanfermann said: “We are pleased about our appointment to the SSAF and will actively contribute to the technical discussions to promote interoperability and to support the consistent and practical implementation of sustainability standards worldwide.”
Last month, the DRSC submitted its response to the Federal Ministry of Justice and Consumer Protection on the European Commission’s proposed voluntary sustainability reporting standard for small and medium-sized enterprises.
