Voluntarily applying ISSB Standards — A guide for preparers

The IFRS Foundation has published Voluntarily applying ISSB Standards—A guide for preparers.

The guide aims to support companies as they start to apply ISSB Standards voluntarily as well as helping them communicate their progress to investors. It helps companies communicate their progress as they begin to apply IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures in advance of or in the absence of jurisdictional regulation, which may specify or restrict the reporting that entities in a jurisdiction can do voluntarily.

Locally, there is no jurisdictional regulation requiring companies or entities in the public sector to prepare sustainability reports based on IFRS S1 and IFRS S2. South African companies and public sector entities may decide to prepare such reports voluntarily in order to meet user needs, especially global users. This guide will assist these companies and entities.

Disclaimer

The article has been prepared by the Secretariat of the ASB for information purposes only. It has not been reviewed, approved, or otherwise acted on by the Board.