October 1, 2024
IFRS Sustainability Standards Key Takeaways: What To Know About IFRS S1 & S2
Are you ready to align with IFRS Sustainability Standards?
This resource paper introduces the IFRS S1 and S2 disclosure standards, helping companies understand how they shape global sustainability reporting and what adoption could mean for your organization.
Key Findings
Two core standards — IFRS S1 covers general requirements for sustainability-related financial information, while IFRS S2 focuses on climate-related disclosures.
Global adoption — Many countries are adopting ISSB standards or local variations, creating a more consistent global reporting landscape.
Voluntary in the U.S. — While U.S. companies are not required to adopt IFRS S1 and S2, alignment may support investor expectations and enhance market credibility.
Summary
Released in June 2023 by the International Sustainability Standards Board (ISSB), IFRS S1 and S2 aim to provide globally consistent sustainability reporting criteria. The standards are effective for annual reporting beginning January 2024 and are designed to improve transparency for investors and stakeholders in capital markets worldwide. With increasing international adoption, companies that take early steps to align with IFRS standards may strengthen their reporting practices and future-proof their disclosures.
What You’ll Learn
This resource paper explains the purpose and scope of IFRS S1 and S2, their role in shaping sustainability reporting globally, and what companies need to consider when adopting or aligning with the standards. It also explores how these standards intersect with existing frameworks and highlights the benefits of voluntary adoption for companies outside jurisdictions mandating compliance.
Download Now
Related Resources
Find What You Need. Learn Something New.
December 1, 2024 
Build your sustainability strategy.
Chat with our experts to get started on your journey.
Get Started