Sustainable Reporting
ISSB’s Inaugural IFRS Sustainability Disclosure Standards
On June 26, 2023, the International Sustainability Standards Board’s (ISSB) first Sustainability Disclosure Standards were issued. A new era of international corporation reporting has begun.
The ISSB issued the first two IFRS Sustainability Disclosures:
1. IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information (IFRS S1)
2. IFRS S2 Climate-related Disclosures (IFRS S2)
The annual reporting periods begin on or after 1 January 2024 for both the IFRS S1 and IFRS S2.
The ISSB published a “climate first” transition option that allows an entity to only provide climate-related disclosures in the first year of utilizing the IFRS S1 and IFRS S2.
The application of the IFRS Sustainability Disclosure Standards are not connected to the IFRS Accounting Standards.
Each jurisdiction’s regulatory process will determine whether the IFRS Sustainability Disclosure Standards are mandatory.
About Envirolly
Envirolly is a high growth sustainability research and advisory company, proudly serving sustainability professionals.
We produce unbiased and highly relevant research to help chief sustainability officers and sustainability leaders make strategic, timely, and well-informed decisions. We partner closely with sustainability teams to provide everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organisation.