Published : February 2023
IFRS S1 – General Requirements for Disclosure of Sustainability-Related Financial Information
For years a growing chorus of investors, corporations, and other stakeholders have lamented the lack of a widely adopted standardized reporting methodology for sustainability disclosure. That will change in 2024 with the expected mainstream adoption of IFRS S1 General Sustainability-related Financial Disclosure (see Exposure Draft S1) and S2 Climate-related Disclosure.
Authored by the International Sustainability Standards Board (ISSB) and housed within the IFRS accounting family, the widespread adoption of these disclosures marks a watershed moment for sustainability reporting. The stated purpose of the standards is to provide more consistent, complete, comparable, and verifiable sustainability related financial information to investors. The ISSB also aims to provide