IFRS Foundation launches sustainability knowledge hub at COP28

The International Sustainability Standards Board’s (ISSB’s) Sustainability Disclosure Standards, IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, are effective for annual reporting periods beginning on or after 1 January 2024.

Why a sustainability knowledge hub?

To support the implementation of IFRS S1 and IFRS S2, the IFRS Foundation launched its sustainabilty knowledge hub at the United Nation’s 2023 climate conference, COP28, held in Dubai. It is a key component of the ISSB’s Capacity Building programme and includes content curated from the IFRS Foundation and its partners to help preparers get started applying the Sustainability Disclosure Standards. The content will help preparers and other stakeholders with different levels of knowledge and experience and will evolve and expand over time to respond to preparer needs, and as best practice develops in the market.

How does the knowledge hub work?

The knowledge hub contains a resource database, IFRS resources, FAQs, webinars and podcasts as well as an archive. Content in the resources database can be filtered by:

• Audience type (audit committees, boards, C-suite, CFOs, engineers, finance professionals, internal audit, risk management and sustainability professionals)
• Document type (articles, case studies, eLearning, education & training material, guidance papers, practice tools, reporting frameworks, technical articles, webcasts, etc.)
• Jurisdiction
• Language
• ISSB standards
• Topics (governance, metrics and targets, risk management, strategy, etc.)
• Industry-based guidance (various choices available).

The knowledge hub also contains training courses to assist preparers in their journey towards implementing sustainability-related financial disclosures.

Integrated reporting resources

For entities preparing integrated financial reports, the IFRS resources on the knowledge hub includes a mapping tool that demonstrates how to apply the Integrated Reporting Framework with IFRS S1 and IFRS S2 from next year. These resources are designed to guide companies on where IFRS S1 and IFRS S2 information regarding governance, strategy, risk management, and metrics and targets relates to the integrated report categories of governance, business model, risks and opportunities, strategy and resource allocation, performance, and outlook.

Need help?

If you need a hand starting your sustainability reporting journey, our national sustainability team can help. Contact us today.