General Requirements for Disclosure of Sustainability-related Financial Information – International Sustainability Standards Board
At its meeting on April 4, 2023, the ISSB met to discuss further the transition reliefs to be provided in IFRS S1, General Requirements for Disclosure of Sustainability-related Financial Information. The ISSB tentatively decided to introduce a transition relief in IFRS S1 that would allow an entity to report on only climate-related risks and opportunities (as set out in IFRS S2 Climate-related Disclosures) in the first year it applies IFRS S1 and IFRS S2. The entity would be required to provide information about its other sustainability-related risks and opportunities in the second year it applies the two Standards. This one-year transition relief would not change the effective date of IFRS S1 and would have no effect on the application of or requirements in IFRS S2.
Review the ISSB Update on the Board's Web site.
