Greenhouse Gas Protocol (GHG Protocol)’s Post

What you need to know about the new S1 and S2 ISSB Standards 🌳 - On 27 June 2023, under the IFRS Foundation (International Financial Reporting Standards), the ISSB (International Sustainability Standards Board) released the S1 and S2 reporting standards.https://https://lnkd.in/eXF8wqXb

What you need to know about the new S1 and S2 ISSB Standards 🌳 - On 27 June 2023, under the IFRS Foundation (International Financial Reporting Standards), the ISSB (International Sustainability Standards Board) released the S1 and S2 reporting standards.https://https://lnkd.in/e5zEzc3D

What you need to know about the new S1 and S2 ISSB Standards 🌳 - On 27 June 2023, under the IFRS Foundation (International Financial Reporting Standards), the ISSB (International Sustainability Standards Board) released the S1 and S2 reporting standards.https://https://lnkd.in/e5zEzc3D

What you need to know about the new S1 and S2 ISSB Standards 🌳 - On 27 June 2023, under the IFRS Foundation (International Financial Reporting Standards), the ISSB (International Sustainability Standards Board) released the S1 and S2 reporting standards.https://https://lnkd.in/eXF8wqXb

ESG in Financial Services (Regulatory Standards): What is IFRS S2? 💡 🔦   Having shed light on the essentials (https://lnkd.in/eRekN2Nz) and structure (https://lnkd.in/e64U8Z3t) of IFRS S1 "General Requirements for Disclosure of Sustainability-related Financial Information", it is time to have a look at IFRS S2 "Climate-related Disclosures". 🔅   IFRS S2 requires an entity to disclose material CLIMATE-related risks and opportunities and will be effective along with IFRS S1 for reporting periods beginning on or after January 1st 2024. You can find the essentials of S2 on the slides below. 💭 What are your experiences with IFRS S2 to date? Looking forward to hearing your thoughts! #ESG #Sustainability #FinancialServices #Reporting #Disclosures X1F ADWEKO | PART OF X1F

🌍✨ Exciting News - The International Sustainability Standard Board (ISSB) 📅 On June 26, 2023, ISSB introduced two groundbreaking standards: IFRS S1, outlining general requirements for disclosing sustainability-related financial information, and IFRS S2, dedicated to climate-related disclosures. The standards take effect for annual periods starting January 1, 2024. The article below highlights the specifics of IFRS S2 and explore the dynamic interplay between sustainability reports and IFRS financial statements. 📈💡 #SustainabilityStandards #IFRS #ClimateDisclosures #SustainabilityReporting #ISSBInitiative

It’s a Wrap for TCFD, literally. “Companies applying IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures will meet the TCFD recommendations as the recommendations are fully incorporated into the ISSB's Standards.” “The requirements in IFRS S2 are consistent with the four core recommendations and eleven recommended disclosures published by the TCFD. As demonstrated in the comparison, companies that apply the ISSB Standards will meet the TCFD recommendations and so do not need to apply the TCFD recommendations in addition to the ISSB's Standards. There are additional requirements in IFRS S2. These include the requirements for companies to disclose industry-based metrics, to disclose information about their planned use of carbon credits to achieve their net emissions targets and to disclose additional information about their financed emissions.”

Exciting times for Entities to contribute to Climate Change mitigation, Now the requirements of making climate and sustainability related disclosures have been simplified. IFRS S1 - Disclosure of sustainability related financial information and IFRS S2 climate related disclosures have both been incorporated into the International Sustainability Standards Board’s Climate Related Checklist. Now the confusion has been resolved, Entities in Ghana and the rest of the World can be honest about how their operations is impacting the environment and its people. Let’s talk to learn and start disclosing 🍀🌱🌎

Beyond the GAAP No. 179 - July & August 2023 On 31 July, the European Commission adopted the final regulation on the first set of European Sustainability Reporting Standards (#ESRS), after making a few last-minute changes based on more than 600 responses received. 📌 Read the latest issue of ‘Beyond the GAAP’ to find out more: https://lnkd.in/geYVssDn ✔️About our IFRS services: https://lnkd.in/gVwgWkQA ✔️Subscribe to our Newsletter at: https://bit.ly/3vD3JpT #Mazars #MazarsinVietnam #MazarsVietnam #newsletter 

Entities looking to prepare comprehensive climate-related financial disclosures can refer to the ISSB Climate-related disclosure checklist to ensure compliance with the relevant standards. This checklist provides a comprehensive overview of the disclosure requirements and additional context as set out in the relevant International Sustainability Standards (ISSB Standards). For entities preparing sustainability-related financial disclosures in accordance with ISSB Standards, it is essential to apply IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, which identifies the essential elements of a complete set of sustainability-related disclosures and sets out the qualitative characteristics of useful sustainability-related financial information. Moreover, entities must always apply IFRS S2 Climate-related disclosures, which specifies the information an entity is required to disclose about climate-related risks and opportunities. It is important to note that IFRS S1 and IFRS S2 must always be applied together. Therefore, the ISSB Climate-related disclosure checklist includes disclosure requirements from both IFRS S1 and IFRS S2, with the wording of the related paragraphs in IFRS S1 amended from the more generic term ‘sustainability-related financial information’ to the more specific term ‘climate-related financial information’ to avoid confusion. #issb #sustainabilityreporting #climatechange