With the issuance of the International Sustainability Standards Board’s (ISSB) new standards, organizations are looking to navigate a new era of reporting on climate and sustainability performance.
The new standards pave the way for high-quality, transparent, and reliable reporting by companies on climate and other environmental, social and governance (ESG) matters.
The General Requirements for Disclosure of Sustainability-related Financial Information, known as IFRS S1, provides principles for sustainability-related disclosures, including an overall requirement to report on the sustainability-related risks and opportunities that could affect a company’s short, medium, and long-term performance.
IFRS S2-Climate-related Disclosures require companies to disclose information about climate-related risks and opportunities. This is the first of many thematic standards, with others expected on topics such as biodiversity, human capital, and human rights.
Download the placemats to understand the implications of the newly issued ISSB standards and learn more about how Deloitte can support your future reporting efforts.
For more information, download the iGAAP in Focus – Sustainability reporting: ISSB publishes first IFRS Sustainability Disclosure Standards newsletter which outlines the requirements.