IFRS S1 and IFRS S2: Strengthening Global Sustainability Reporting
The introduction of IFRS S1 and IFRS S2 by the International Sustainability Standards Board (ISSB) sets a new global benchmark for sustainability-related financial disclosures. Effective for reporting periods beginning 1 January 2024, these standards aim to improve the consistency, transparency, and decision-usefulness of sustainability and climate-related reporting across industries and markets. IFRS S1 provides general […]
Overview of IFRS S1 & S2 Sustainability Reporting Standards
Sustainability reporting has evolved significantly, moving from voluntary corporate social responsibility (CSR) reporting – often used to highlight ethical practices and community engagement – to a set of mandatory, investor-focused disclosures aligned with financial reporting standards. Sustainability reporting, in its early stages, lacked consistency and comparability, limiting its usefulness to investors and stakeholders seeking to […]
