Question 4 Social & Environmental Reporting 20 marks The IFRS Foundation has recently established the International Sustainability Standards Board (ISSB), which will develop high-quality disclosure standards for sustainability. At this stage, it is unclear whether the new standards will incorporate the GRI framework. Required: You have been recruited by the ISSB: a) In developing a framework for sustainability reporting, suggest how the ISSB could obtain guidance from the following (your answer should provide at least two examples from each): a. the IASB conceptual framework; and b. the GRI framework [10 marks] b) Using examples, suggest how the ISSB could address at least two weaknesses of sustainability reporting. [10 marks]