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The IFRS Sustainability Disclosure Taxonomy includes elements for tagging sustainability-related financial information prepared in accordance with IFRS Sustainability Disclosure Standards. These elements enable a company to tag information about its sustainability-related risks and opportunities in its general purpose financial reports. Tagging makes the information computer-readable, enabling investors to extract, compare and analyse it more efficiently. The IFRS Sustainability Disclosure Taxonomy enables investors to compare and analyse sustainability-related financial information in a digital format.
The IFRS Sustainability Disclosure Taxonomy reflects the disclosure requirements of IFRS Sustainability Disclosure Standards and includes elements from the accompanying materials to the IFRS Sustainability Disclosure Standards such as implementation guidance and illustrative examples.
The IFRS Foundation has published a webcast that explains the role of the ISSB Taxonomy and its benefits.
The IFRS Foundation publishes educational guides and supporting material to aid understanding and use of the IFRS Sustainability Disclosure Taxonomy.
The ISSB also maintains the SASB Standards Taxonomy, which includes elements for tagging sustainability-related financial information in accordance with the industry-based SASB Standards. The SASB Standards Taxonomy is designed for use by those preparers who apply IFRS Sustainability Disclosure Standards in conjunction with the IFRS Sustainability Disclosure Taxonomy, and by preparers who apply the SASB Standards independently of IFRS Sustainability Disclosure Standards.
The IFRS Taxonomy Consultative Group reviews updates to the IFRS Sustainability Disclosure Taxonomy prior to public consultation and provides advice on IFRS Sustainability Disclosure Taxonomy-related issues.
