IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information was issued by the ISSB on 26 June 2023 and has an effective date of 1 January 2024.
The ISSB has undertaken a number of activities to support consistent application of the Standard. You can find information about all these activities by following the links below. This includes educational materials prepared since the Standard was issued, sources of guidance, information about the upcoming activities of the Transition Implementation Group (TIG) and information about the ISSB Knowledge Hub.
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The ISSB has established a Transition Implementation Group (TIG) to support the implementation of IFRS S1 and IFRS S2. Details about the TIG including terms of reference and submission guidelines for stakeholder questions can be found here.
In applying IFRS S1 companies are required to consider the SASB Standards to identify risks and opportunities. SASB Standards are available to download.
Companies may refer to and consider the applicability of:
- the CDSB Framework Application Guidance for Water-related Disclosures and the CDSB Framework Application Guidance for Biodiversity-related Disclosures (collectively referred to as ‘CDSB Framework Application Guidance’);
- the most recent pronouncements of other standard setting bodies whose requirements are designed to meet the information needs of users of general purpose financial reports; and
- the sustainability-related risks and opportunities identified by entities that operate in the same industry(s) or geographical region(s).
The IFRS Sustainability knowledge hub is a free online resource for preparers, designed to help them understand and get ready for applying IFRS S1 and IFRS S2.
The IFRS Foundation offers a broad range of products and services to enhance global sustainability disclosures, including supporting the widespread adoption and implementation of IFRS Sustainability Disclosure Standards and integrated reporting. Other resources can be found here.
Although the ISSB does not provide a formal technical enquiry service, we encourage stakeholders to make us aware of implementation questions relating to IFRS S1.
Please see the Transition Implementation Group (TIG) Section for information on submitting an implementation question.
