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FINANCIAL MATERIALITY SOFTWARE
International Financial Reporting Standards
The IFRS Sustainability Disclosure Standards was developed to enhance transparency and comparability in sustainability reporting for organizations globally.
Last updated: 2 October 2024
International Sustainability Standards Board (ISSB)
The IFRS Sustainability Disclosure Standards
The IFRS Sustainability Disclosure Standards (SDS), sometimes referred to as the "ISSB Standards," require companies to provide comprehensive and consistent disclosures about their sustainability-related financial risks and opportunities, focusing on material effects on their financial position and performance.
IFRS S1 - General Requirements of Sustainability-Related Financial Information
Requires companies to disclose material information about sustainability-related risks and opportunities they face over the short, medium, and long term that could reasonably influence investors’ decisions.
IFRS S2 - Climate-Related Disclosures
Requires companies to disclose information about climate-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, its access to finance, or cost of capital over the short, medium, and long term.
How to Prepare for IFRS and Next Steps
Review what your jurisdiction requires
Review whether you have to comply with IFRS S1 and/or S2, other sustainability-related requirements, or legislation (e.g., CSRD), and compliance timelines.
Be proactive
Don't wait for a phased-in approach to catch up to you. Getting your sustainability roadmap in order takes time - start today!
Start with materiality
Most legislation will require a materiality assessment in some shape or form. Start with a materiality assessment to identify the relevant sustainability issues your organization should report on.
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IFRS Implementation across the Asia-Pacific
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Ready to streamline your materiality assessment?
Whether you're a public or private organization, Socialsuite has the right materiality solution for you.
Latest resources
Stay up-to-date on the latest industry news, customer stories, and learn about how you can embed sustainability in your business.
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Tabcorp's 2024 Materiality Journey: Lessons from the Frontlines
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Identifying Impacts, Risks, and Opportunities for CSRD Compliance
The CSRD requires companies to report on their sustainability performance, including their impacts, risks, and opportunities.
Avoiding Common Pitfalls in CSRD-Compliant Double Materiality Assessments
Ensure your double materiality assessment aligns with CSRD/ESRS requirements and avoids costly missteps.
Top 5 Benefits of Using Software to Streamline Your Materiality Assessment Process
With materiality software, companies and consultants alike can streamline and enhance their materiality assessments for better outcomes.
Are you looking to accelerate your sustainability journey?
See how we can help.
See how we can help.