IFRS® Taxonomy, Sustainability Disclosure Taxonomy

IFRS® Taxonomy, Sustainability Disclosure Taxonomy

The International Sustainability Standards Board (ISSB) has proposed a Sustainability Disclosure Taxonomy. The proposal addresses a taxonomy for the disclosure requirements in IFRS S1 and IFRS S2 to facilitate digital reporting of sustainability-related financial information. Comments are due September 26, 2023.

IFRS S2 – Climate-related Disclosures

IFRS S2 – Climate-related Disclosures

This week’s Genuine Learning Blog looks at IFRS S2 – Climate-related Disclosures. Issued the same day as S1, these disclosures focus on strategy, governance, metrics and risk management but particularly in relation to climate related risks and opportunities. S2 is effective for annual reporting periods beginning on or after January 1, 2024. Earlier application is permitted as long as IFRS S1 is also applied.

IFRS Sustainability Disclosures (IFRS S1)

IFRS Sustainability Disclosures (IFRS S1)

The International Sustainability Standards Board (ISSB) has issued the first of their new sustainability disclosure standards. The goal is to provide a single, global baseline of sustainability disclosures to enhance the providing of disclosures. This blog reviews S1, General Requirements for Disclosure of Sustainability-related Financial Information, which were issued this past Monday.

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