The International Financial Reporting Standards Foundation published Wednesday a
The guide aims to help companies that are voluntarily applying ISSB standards and help them communicate their progress to investors, especially in jurisdictions without regulatory requirements to apply the standards.
The guide is the latest in a series to support the implementation of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures.
"Companies around the world already provide investors with sustainability-related information in response to investor demand. However, they use a patchwork of frameworks and standards to do so, leaving investors unable to compare the performance and prospects of companies," ISSB chair Emmanuel Faber said at New York Climate Week, where the announcement was made. "With many frameworks and standards now consolidated into the ISSB, the voluntary application guide helps companies navigate from their current reporting practices to applying ISSB Standards, providing a cost-effective route for companies to provide decision-useful, assurable financial information to investors."
