Representatives of EFRAG and the Japanese Accounting and Sustainability Boards Hold Meetings in Brussels
Representatives of EFRAG – Europe’s voice in Corporate Reporting and representatives of the Accounting Standards Board of Japan (ASBJ) and the Sustainability Standards Board of Japan (SSBJ) (hereinafter referred to as “the Japanese Boards”) held meetings on 14-16 May 2025 in Brussels, Belgium.
Regarding sustainability reporting, representatives of EFRAG and the Japanese Boards held private meetings to provide updates on their respective activities and to exchange views on items of mutual interest, including alignment and interoperability with IFRS Sustainability Disclosure Standards (ISSB Standards) and EFRAG’s work in response to ESRS simplification mandate.
Regarding financial reporting, the Chair of the Japanese Boards attended EFRAG FRB and EFRAG FR TEG Joint Physical Meeting and provided updates on the ASBJ’s international and domestic activities. In addition, representatives of EFRAG and the Japanese Boards held a private meeting to provide updates on their respective activities and to exchange views on the International Accounting Standards Board (IASB)’s IFRS accounting projects in which both parties have an interest.
EFRAG and the Japanese Boards plan to continue to exchange views on a regular basis.
Patrick de Cambourg, Chair of the EFRAG Sustainability Reporting Board, said: “As a continuation of a longstanding and trusted relationship, it has been a pleasure not only to update each other about our respective developments but more importantly to exchange views on how to foster the global reporting process in the interest of all parties involved.”
Wolf Klinz, Chair of the EFRAG Financial Reporting Board, said: “The Chair of the Japanese Accounting and Sustainability Boards, Yasunobu Kawanishi’s annual visit to EFRAG when he is in Europe is one that we look forward to. We appreciate the frank exchange of views concerning various issues that we are currently working on. Our interests are very similar: we support the global implementation of reporting standards that help us defend the competitiveness of our businesses and the interests of our investors and users.”
Yasunobu Kawanishi, Chair of both the ASBJ and the SSBJ, said: “I would like to express our gratitude to EFRAG for hosting this meeting in Brussels. Our discussions provided us with valuable insights on how we should address various issues concerning both accounting standards and sustainability disclosure standards. We look forward to continuing this productive dialogue with EFRAG in the future.”
