Actualités ESG

ISSB issues inaugural global sustainability disclosure standards IFRS S1 and IFRS S2

Jun. 26, 2023

Worldwide – The International Sustainability Standards Board (ISSB) has issued its inaugural global sustainability disclosure standards, IFRS S1 and IFRS S2.

According to ISSB, the standard create a common language for disclosing the effect of climate-related risks and opportunities on a company’s prospects.

IFRS S1 contains a number of disclosure requirements designed to enable organizations to communicate to investors the short-, medium- and long-term risks and opportunities associated with sustainability. IFRS S2 defines specific climate-related disclosures and is intended to be used with IFRS S1.

: Following the release of IFRS S1 and S2, the ISSB will collaborate with governments and businesses to support adoption. The initial stages will involve setting up a Transition Implementation Group to assist businesses in applying the Standards and starting capacity-building programs to aid in successful implementation.

Source: IFRS Foundation

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