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ISSB Releases IFRS® Sustainability Disclosure Standards for Enhanced Reporting

The International Sustainability Standards Board (ISSB) has achieved a significant milestone in sustainability reporting. They recently issued two IFRS® Sustainability Disclosure Standards, IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures. These standards offer a comprehensive framework for organisations to disclose sustainability-related financial information and climate-related disclosures.

Key Points:


• IFRS S1: This standard outlines general requirements for disclosing sustainability-related financial information, promoting transparency and informed decision-making based on reliable sustainability data.


• IFRS S2: Focused on climate-related disclosures, this standard provides guidance on reporting climate-related information. It addresses the urgency of addressing climate change and the importance of disclosing relevant information on climate risks, opportunities, and impacts.

Alison Heppenstall, CEO of Climate Action for Associations (CAFA), emphasises the significance of the IFRS Sustainability Disclosure Standards. She states, "These standards mark a crucial step towards harmonised and consistent sustainability reporting globally. Transparent and standardised reporting is essential for associations to effectively address climate change and contribute to a sustainable future. They provide a robust framework for organisations to disclose their sustainability-related financial information and climate-related disclosures, enabling them to drive meaningful action and positive change."

The release of the IFRS Sustainability Disclosure Standards by the ISSB is a significant milestone in advancing global sustainability reporting. These standards offer a comprehensive framework for organisations to disclose their sustainability-related financial information and climate-related disclosures. CAFA recognises the importance of transparent and standardised reporting in driving climate action.


We encourage associations to embrace these standards and leverage them to make a positive impact on the journey towards a sustainable future.


"The release of the IFRS Sustainability Disclosure Standards marks a crucial step towards harmonised and consistent sustainability reporting globally. At CAFA, we believe that transparent and standardised reporting is essential for associations to effectively address climate change and contribute to a sustainable future. These standards provide a robust framework for organisations to disclose their sustainability-related financial information and climate-related disclosures, enabling them to drive meaningful action and positive change."

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