FASB Considers Investor Feedback on Climate Change and Digital Assets

The Financial Accounting Standards Board ("FASB") considered feedback received in response to an Invitation to Comment - Agenda Consultation on its standard-setting process and future standard-setting agenda items.

The summary focused on:

• the disaggregation of financial reporting information;

• climate-related transactions and disclosures; and

• digital assets.

Respondents urged:

• broader disclosures of financial statements regarding the impact of climate-related issues; (FASB noted that it is considering the accounting for, and disclosure of, financial instruments with climate-linked features); and

• FASB to permit or require issuers to account for certain digital assets at fair value (FASB added a project to its research agenda addressing the accounting for exchange-traded digital assets and commodities.)