The March 2025 ASB Board meeting was a milestone for the social benefits project. The Board considered stakeholder feedback on the proposed Standard of GRAP on Social Benefits – ED 205. The feedback from stakeholders was rich and varied. In most of the key areas, there was support for the proposals. The Board’s deliberation of the responses also led to improved thinking in some areas.
A high-level summary of the Board’s discussion is included below. The highlights of the meeting can be accessed on the ASB website here.
The Board will consider the new Exposure Draft in July 2025. Look out for future articles that will explain the proposed amendments and how you can get involved to provide your comment.
Thank you to all our stakeholders who assisted us in this project to date. We look forward to taking the last steps with you to ensure the Standard is of a high quality and can be implemented.
Disclaimer
The article has been prepared by the Secretariat of the ASB for information purposes only. It has not been reviewed, approved, or otherwise acted on by the Board.