International Sustainability Standards Board (ISSB)’s Post

💡 The IFRS Foundation and EFRAG recently published material about how a company can apply both #ESRS and the #ISSB Standards. The guide provides practical support that explains how a company can efficiently comply with both sets of standards. #IFRSsustainability #ISSB #ISSBstandards #interoperability

While there are many overlaps in the #ifrs #standards, it is not a one-to-one comparison! It is important to look at this on a datapoint by datapoint level to understand the correct level of disclosure for your organization. I’m always happy to talk more about this so please reach out if you’re interested!

The more regulated framework keep coming in a various form to tackle and address the climate change related risk in an organisation specifically and the world generally

The IFRS has published educational material explaining how companies can refer to and consider the content in the SASB Standards to meet the requirements in IFRS S1. The educational material states that the SASB standards can be a useful source of guidance in applying IFRS S1 because they: 📌 are designed to provide investors, creditors and other lenders with information that is decision-useful and comparable with peers; 📌 are tailored to specific industries, allowing companies to quickly access guidance that is relevant to their business activities; 📌 and provide guidance on sustainability-related topics beyond climate, including human capital and nature. Read more here: https://lnkd.in/e6m-Gpgh Subscribe to learn more about sustainability at etoso.io #sustainabilityreporting #SASB #IFRS

Are you looking for industry-specific guidance to assist your company or client in implementing and adopting IFRS Sustainability Disclosure Standards? The SASB Standards play an important role in providing guidance for the application of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information. These Standards help companies identify and disclose material information about sustainability-related risks and opportunities in the absence of specific IFRS Sustainability Disclosure Standards. ISSB published the updated SASB Standards on 19 December, approving the enhancements of the international applicability of the SASB Standards. The updates involve removing and replacing jurisdiction specific references and definitions without significantly altering industry topics or metrics. You can download the updated SASB Standards using the following link. For a comprehensive resource to understand the SASB Standards and their application, please explore its knowledge hub. #SASB #IFRS https://lnkd.in/dzBjCMca

Do We Speak the Same Language of Sustainability? Last year, earning my SASB certificate felt like unlocking a new vocabulary in the realm of sustainability. Now this knowledge forms part of an even larger lexicon—the ISSB's new standards, IFRS S1 and IFRS S2. What does this evolution mean for your organization? These groundbreaking standards form a unified language for sustainability-related disclosures worldwide. They serve as a global baseline and are designed to be used alongside financial statements, integrating financial performance with sustainability impacts. Key Takeaways: Unified Language: IFRS S1 and IFRS S2 provide a common language for sustainability disclosures. Global Baseline: These standards will serve as a universal benchmark for sustainability reporting. Integrated Reporting: The new standards bridge financial performance with sustainability impacts. #ISSB #SustainabilityStandards #ESG #ClimateChange #SustainableInvesting #IFRS #SASB

The ISSB (IFRS Foundation) has introduced two new standards: IFRS S1 (sustainability disclosures) and IFRS S2 (climate-related disclosures). Key points: - IFRS S1 focuses on sustainability disclosures, requiring GAAP-agnostic information about sustainability risks and opportunities, helping investors connect these to financial statements. - IFRS S2 deals with climate-specific requirements, including strategy disclosure, climate-related plans, target-setting, scenario analysis, and various climate-related metrics and targets. Applicability: - Mandatory for annual reports starting on or after January 1, 2024, with early adoption encouraged. These standards aim to improve transparency regarding sustainability and climate-related matters in financial reporting. #iasb #issb #ifrs #ifrss1 #ifrss2

In addition to yesterday’s post, there were also two major ISSB announcements in the past few weeks: On 30 April the ISSB published its digital taxonomy. The IFRS Sustainability Disclosure Taxonomy reflects IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures. You can access the taxonomy here:  https://lnkd.in/dmpZ2HJA On 23 April, the ISSB announced that it will prioritise the enhancement of the SASB Standards for the next 2 years. The SASB Standards are industry-based Standards covering 77 industries. They contain quantitative metrics as well as some qualitative disclosures with the aim of producing comparable and decision-useful data for investors. Companies applying the IFRS S1 Standards are required to consider the SASB Standards to identify their sustainability-related risks and opportunities and provide disclosures beyond climate-related information. Read more on the announcement here: https://lnkd.in/eC4i44mG See the February publication to learn more about using the SASB Standards to meet the IFRS S1 requirements here: https://lnkd.in/edsFfg5R #issb #ifrs #sasb #esg #nossadata