The International Sustainability Standards Board (ISSB) has released its first two IFRS Sustainability Disclosure Standards, IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures. The Standards are being positioned as a ‘global baseline’ to which a country’s national reporting requirements and practices and multi-stakeholder sustainability standards (e.g. GRI) can be ‘layered’. The ISSB Standards are voluntary, unless mandated by a country’s national reporting authority for legal enforcement. The ISSB has also released supplementary documents, including Guidance.
The Standards and documents are found on the IFRS website page.