Since the Earth Summit in 1992, it has become increasingly accepted that organizations cannot create sustained value without basing their operations on a triple bottom line of economic, environmental, and social sustainability. This realization has led to the acknowledgement that companies’ ability to
generate short- and long-term cash flows is linked to their interactions with triple bottom line components - the economy, stakeholders, society, and the natural environment - throughout their value chain.
In recognition of the impact of sustainability-related risks and opportunities on companies’ profitability, the International Sustainability Standards Board (ISSB) issued its first two IFRS® Sustainability Disclosure Standards - IFRS S1 and IFRS S2 in 2023.
This ISSB®-reviewed course will introduce the specific requirements of IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures) to participants. Participants will understand how both IFRS standards require companies to disclose key information about sustainability-related risks and opportunities, which is useful in helping primary users of financial reports make decisions relating to providing resources to companies.
After completion, participants will understand ISSB requirements and will be able to develop strategies to produce required reports for their organizations.
- • The Business Case for Sustainability and Sustainability Reporting
• The History and Progress of the ISSB Standards
• ISSB Standards Integration with Existing Sustainability Reporting Standards - Sustainability Accounting Standards Board (SASB) Standards and the Task Force on Climate-related Financial Disclosures (TCFD)
• Overview of the ISSB S1 and S2 Requirements
o S1 Requirements (Governance, Strategy, Risk Management and Metrics/Targets)
o S2 Requirements (Climate-related Risks and Opportunities)
• Preparing Reports
• Competence and Resource Requirements