Victor Chan’s Post

The ISSB released its first IFRS Sustainability Disclosure Standards—IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures—in June 2023. The ISSB Standards establish a high-quality global baseline of investor-focused sustainability-related disclosures. #Certificate of Participation #ISSB: Applying the IFRS Sustainability Disclosure Standards

Since August 2022, the IFRS Foundation has assumed responsibility for the Integrated Reporting Framework. The International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB) are now planning to incorporate this framework into their standardization projects. Companies that prepare their accounts in accordance with IFRS are encouraged to use the framework as the basis for their corporate reporting. 🌍📊 👉Read our new blog article to find out about the challenges and objectives associated with implementing the Integrated Reporting Framework and possible solutions. 🔗https://arva.to/S97Yz #IFRS #IntegratedReporting #CSRD #ESG #IRFramework

🌱 Sustainability disclosures are crucial for companies committed to long-term value creation. The International Financial Reporting Standards (IFRS) S1 mandates the disclosure of material sustainability-related information, referencing the Sustainability Accounting Standards Board (SASB) Standards for guidance. Discover how you can effectively leverage SASB Standards and implement flexible timelines for IFRS Foundation IFRS S1 compliance in Fanda's new thought piece 👇 #IFRS #SASB #Sustainability #FandaThoughts #ReportingSatndards #MaterialTopics #AdvancewithFanda

🌱 As the global business landscape evolves, it's increasingly evident that sustainability isn't just a buzzword – it's a critical component of long-term success. I couldn't agree more with the importance of sustainability disclosures highlighted in this post by Fanda. Embracing the International Financial Reporting Standards (IFRS) S1 alongside the guidance of the Sustainability Accounting Standards Board (SASB) Standards isn't just about compliance; it's about demonstrating our commitment to responsible business practices and creating lasting value for all stakeholders. At Fanda, we're passionate about leveraging these standards to drive positive change and make informed decisions. Our latest thought piece delves into how organisations can effectively navigate this landscape, ensuring they not only meet compliance requirements but also unlock new opportunities for growth and innovation. Check out the insightful piece by Fanda to discover how you can advance your sustainability agenda and thrive in today's dynamic market. Together, let's pave the way for a more sustainable future. 👇 #IFRS #SASB #Sustainability #FandaThoughts #ReportingStandards #MaterialTopics #AdvancewithFanda #Fanda #Annualreports #ESGreporting

Many companies will be required or will choose to disclose information about their sustainability-related risks and opportunities using both #ISSB Standards and #ESRS.    The IFRS Foundation, the European Commission and EFRAG achieved a high degree of alignment of climate-related disclosures between ISSB Standards and ESRS, but compliance with one set of standards does not ensure compliance with the other.    To help companies, the IFRS Foundation and EFRAG have published interoperability guidance, which:  📖 Explains the alignment; 📖 Provides practical support that explains how a company can comply with both sets of standards; 📖 Includes detailed analysis of climate-related disclosures; and 📖 Explains why companies still need to refer to the standards, but makes it easier to navigate doing so.    Find out more below about the key takeaways from the interoperability guidance.    Access the ESRS–ISSB Standards Interoperability Guidance: https://lnkd.in/dE5KNHeZ 📺 You will be able to hear more about the interoperability guidance in an upcoming webcast. To receive updates on the webcast, sign in to your IFRS account, go to your dashboard and choose to follow 'Applying IFRS sustainability standards': https://lnkd.in/eb4WUZhS     #IFRSsustainability #ISSB #ISSBstandards #interoperability

📃 IFRS Sustainability Standards Disclosure Training Program Report Released We are pleased to release the report on the training program of the IFRS Disclosure Application. The training program was developed to build an overall understanding of the foundations of the new IFRS Sustainability Disclosure Standards. From the global capital markets perspective, these corporate sustainability-related disclosures are presented through IFRS S1, “General Requirements for Sustainability-related Financial Information” and IFRS S2 “Climate-related Disclosures.” It gives guidance through a four-step process of preparing, aligning, implementing, and communicating sustainability-related information. The content was developed in collaboration with the UN SSE and IFC partnered with the IFRS Foundation to provide free training with UN SSE Partner Exchanges. To learn more and explore the detailed report click here 🔗 https://bit.ly/4ihmRn2 #⃣ #SAICATechnical #IFRS #SustainabilityStandards Tsabo Makoloane CA(SA) Nomsa Avuyile Nkomo

🎙️ The UN Sustainability Stock Exchanges (SSE), International Finance Corporation (IFC) and IFRS Foundation hosted the IFRS sustainability training webinar in partnership with the JSE and SAICA on applying the ISSB sustainability disclosure standards (IFRS S1 and IFRS S2) on the 1st of August 2024 . SAICA is pleased to release the report on the key takeaways on the IFRS Sustainability Disclosure Standards training . #SustainabilityReporting #SAICA Bafana Radebe CA(SA) Ian Mtegha CA(SA)

The more regulated framework keep coming in a various form to tackle and address the climate change related risk in an organisation specifically and the world generally

The launch of the International Sustainability Standards Board (ISSB) inaugural standards in 2023 marked a significant milestone in corporate sustainability reporting. The ISSB’s IFRS S1 and IFRS S2 (IFRS S1/S2) formalize a much-awaited convergence of sustainability and financial disclosures and alignment of reporting frameworks. IFRS S1/S2 became effective for annual reporting periods as of January 1, 2024. While the standards can now be used for voluntary reporting, multiple jurisdictions have indicated intent to mandate IFRS S1/S2 requirements. Explore the disclosure landscape further in our briefing “ISSB’s IFRS S1/2: Laying the foundation for global mandatory disclosures“: https://lnkd.in/djKP9NK2 #ISSB #IFRS #SustainabilityDisclosure Catherine (Katie) Osborn, Katie Langemeier

#IFRS_S1 #IFRS_S2 #CPD #Sustainability #Reporting Participated in the session by iota Consulting BD on IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2: IFRS S2 Climate-related Disclosures. The International Financial Reporting Standards (IFRS) Foundation has established the International Sustainability Standards Board (ISSB) to address the urgent need for a single set of globally accepted sustainability reporting standards that are integrated, consistent and comparable with financial reporting standards. IFRS S1 and IFRS S2 are the first two IFRS Sustainability Disclosure Standards developed by the ISSB. The main objective of IFRS S1 is to disclose all information about sustainability-related risks and opportunities and IFRS S2 sets out disclosure requirements for climate-related financial risks and opportunities which fully incorporate the recommendations of the TCFD that could reasonably be expected to affect a company’s prospects.