Value Reporting Foundation (VRF)

Umbrella for SASB and IIRC, now merged into IFRS/ISSB to drive global harmonization of sustainability reporting.
Status: Consolidated into IFRS Foundation as of August 2022[2][4][7][8].
Formed
2021
Merger of SASB & IIRC[8]
Consolidated
2022
Merged into IFRS Foundation[2][4][7]
Key Resources
3
SASB Standards, IR Framework, Integrated Thinking Principles[3][4][7]
Global Reach
70+
Adopted in 70+ countries[3][4]
VRF Key Resources
ResourceDescriptionLegacy/Status
SASB StandardsSector-specific, financially material ESG standardsIntegrated into ISSB’s IFRS S1/S2[2][3][4][7][8]
Integrated Reporting (IR) FrameworkMulti-capital, holistic value creation reportingCo-governed by ISSB/IASB; referenced globally[2][3][4][7][8]
Integrated Thinking PrinciplesGuidance for connecting strategy, governance, performanceContinued use under IFRS Foundation[3][4][7]
VRF/ISSB Integration Timeline
YearMilestoneStatus
2021VRF formed (SASB + IIRC merger)Active[8]
2022VRF consolidated into IFRS Foundation; ISSB establishedComplete[2][4][7][8]
2023–2025VRF resources foundational for ISSB S1/S2; ongoing integrationOngoing[2][3][4][7][8]
VRF Resources: Global Adoption by Region (2025, est.)
Estimated adoption of SASB/IR Framework by region (2025).
VRF Integration and Influence
  • Harmonization: Unified SASB’s financial materiality with IIRC’s integrated thinking[2][3][4][7][8][9]
  • Global baseline: Provided sector-specific and multi-capital concepts for ISSB S1/S2[2][3][4][7][8][9]
  • Interoperability: Engaged with IFRS, GRI, CDSB, CDP to promote comparability[2][3][4][7][8][9]
  • Market demand: Responded to calls for simplification and convergence in ESG reporting[2][3][4][7][8][9]
  • Ongoing legacy: SASB and IR Framework remain reference points under IFRS/ISSB[2][3][4][7][8][9]

About the Value Reporting Foundation

The Value Reporting Foundation (VRF) was formed in 2021 from the merger of SASB and IIRC to accelerate harmonization in sustainability reporting[2][3][4][7][8][9]. Its resources—SASB Standards, the Integrated Reporting Framework, and Integrated Thinking Principles—are now foundational to the ISSB’s global baseline for sustainability disclosure. The VRF’s consolidation into the IFRS Foundation in 2022 marked a pivotal step toward unified, investor-relevant, and multi-capital reporting for global capital markets[2][3][4][7][8][9].

Note: All data reflects official IFRS, VRF, and industry updates as of May 2025.

Value Reporting Foundation