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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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Sustainability Trends to Watch in 2024
Let’s take a look at what key thought-leaders, practitioners, and experts believe to be the main trends and focus areas for sustainability in 2024.
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SEC Climate Rule: Materiality - Great in Principle, Harder to Apply in Practice
The SEC just announced its proposed Climate Ruling. Read the blog post to hear the key components you need to understand.
ESG and Sustainability Single and Double Materiality Software
Learn the basics of what a materiality assessment is and why it's important. Then dive into the differences between single and double materiality.
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California Climate Accountability Package
California signed the Climate Accountability Package into law October of 2023. Are you prepared for mandatory climate disclosures? Learn more about SB-253 and SB-261 here.
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ESG for Private Companies
Did you know not only publicly listed companies are reporting their ESG metrics and sustainability performance? Private companies are increasingly seeing the value of making ESG reporting a priority.
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Start ESG with Materiality
Dr. Tim Siegenbeek van Heukelom discusses why ESG strategy, initiatives, and reporting all start with identifying your material sustainability topics.
Are you looking to accelerate your sustainability journey?
See how we can help.
See how we can help.