We have released our first sustainability alert for 2022 as the International Sustainability Standards Board (ISSB) issues Exposure Drafts (EDs) for its first two Standards.
The first one sets out general sustainability-related disclosure requirements (ED IFRS SI) and the other specifies climate-related disclosure requirements (ED IFRS S2).
ED IFRS S1 sets out the overall requirements for disclosing sustainability-related financial information about all its significant sustainability-related risks and opportunities, to provide the market with a complete set of sustainability-related financial disclosures. It also provides guidance on how to identify and develop appropriate disclosures about sustainability-related risks and opportunities not addressed by an IFRS Sustainability Disclosure Standard using the disclosure topics in SASB Standards and the CDSB Framework application guidance for water and biodiversity-related disclosures.
ED IFRS S2 sets out the specific requirements for the identification, measurement and disclosure of climate-related financial information.
The ISSB has provided a comment period of 120 days, which closes on 29 July 2022. Grant Thornton will be responding to these proposals.