IFRS Foundation launches knowledge hub to support the implementation of IFRS S1 and IFRS S2
01 Dec 2023
The IFRS Foundation has launched the IFRS Sustainability Knowledge Hub to support the implementation of IFRS S1 ‘General Requirements for Disclosure of Sustainability-related Financial Information’ and IFRS S2 ‘Climate-related Disclosures’. The hub is a tool in the capacity building programme for the new standards before they become effective for annual periods beginning on or after 1 January 2024.
Both IFRS Foundation and third-party educational material is available in the hub, with the latter comprising more than 100 resources developed by third-party organisations. Additional content will be included over time in response to market needs and emerging practices. Resources already available in the hub include an introduction to IFRS S1 and IFRS S2, a guide for transitioning from TCFD recommendations to the new standards, and a set of Frequently Asked Questions (FAQs).
While the hub has been designed to help companies preparing their IFRS S1 and IFRS S2 disclosures, it will also be a repository for auditors, investors, regulators and other stakeholders seeking to advance their understanding of the new standards.
The IFRS Foundation is focused on supporting the implementation of the standards through capacity building initiatives and is working with a number of partners to advance this work, such as the UN Sustainable Stock Exchange Initiative, the Association of Chartered Certified Accountants (ACCA), the Pan African Federation of Accountants (PAFA), the United Nations Development Programme (UNDP) and the International Federation of Accountants (IFAC).
Please click for:
- Press release on the IFRS Foundation website
- Access to the IFRS Sustainability Knowledge Hub on the IFRS Foundation website
