ISSB Sustainability Standards

On 26th June 2023, the International Sustainability Standards Board (ISSB) issued its inaugural standards:

• IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information to require an entity to disclose information about its sustainability-related risks and opportunities; and
• IFRS S2 Climate-related Disclosures to require an entity to disclose information about its climate-related risks and opportunities. This Standard is designed to be used with IFRS S1.

Read more here.

Adoption of ESRS by the European Commission

 On 31st July 2023, the European Commission adopted the European Sustainability Reporting Standards (ESRS) for use by all companies subject to the CSRD. Read more here, including questions and answers on the adoption of European Sustainability Reporting Standards.