ISSB publishes its first two exposure drafts on IFRS Sustainability Disclosure Standards

The International Sustainability Standards Board (ISSB) recently published its first two exposure drafts on IFRS Sustainability Disclosure Standards:

  • IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
  • IFRS S2 Climate-related Disclosures.

The proposals have been developed in response to requests from G20 leaders, the International Organization of Securities Commissions (IOSCO) and others for enhanced information from organisations about sustainability-related risks and opportunities.

They set out requirements for the disclosure of material information about an organisation’s significant sustainability-related risks and opportunities that are necessary for investors to assess an organisation’s enterprise value and are not limited only to climate-related matters. The deadline for comments on both proposals is 29 July 2022.

View a summary of the proposals.