With the publication of the first two standards from the International Sustainability Standards Board (ISSB): IFRS S1, General Requirements for Disclosure of Sustainability-related Financial Information, and IFRS S2, Climate-related Disclosures, the ISSB is aiming to strengthen corporate reporting on sustainability.

ACCA welcomes this and as part of its support to members on this important development, they have partnered with the ISSB to produce a series of videos to help firms understand and apply the ISSB standards.

Sue Lloyd, ISSB vice-chair, and Ravi Abeywardana, Director of strategic affairs and capacity building, IFRS Foundation at ISSB, worked alongside ACCA in producing the following videos:

IFRS S1

• General overview of IFRS S1: Sustainability
• General overview of IFRS S1: The TCFD structure
• Materiality, what to disclose and when
• Determining the value chain and the consolidated group perspective
• The relationship between sustainability and financial information
• The use of estimates and measurement uncertainty

IFRS S2

• Key features of the IFRS S2
• Supporting guidance for first-time application of IFRS S2
• Determining Scope 3 disclosures across the value chain
• Using the IFRS S2 measurement framework

IFRS S1 and S2

• Considerations of proportionality and scalability in sustainability reporting
• Outline of the reliefs available
• Building sustainability disclosure capabilities

To watch all the videos in full, click the following link.