ISSB and the Financial Implications of Climate Change Reporting

Gain in-depth insights into the disclosure requirements of the IFRS S1 and IFRS S2 as well as the financial implications of climate-related risks and opportunities for Asia Pacific.

On 26 June 2023, the International Sustainability Standards Board (ISSB) issued its first two standards, IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2: Climate-related Disclosures. These standards address the corporate disclosure requirements as they relate to governance, strategy, risk management, and sustainability-related metrics and targets.

Since its finalisation, the ISSB has been increasingly embraced as a framework for ESG disclosure in Asia Pacific. This shift will continue to drive consistency in how companies disclose material sustainability and climate-related financial information, providing stakeholders with critical insights on a company's ESG performance.

This report provides an overview of how the ISSB is shaping the future of corporate reporting for Asia Pacific, and explores the ways in which companies in the region can better understand the financial implications of aligning with the ISSB disclosures.

ESG Reporting Series: ISSB and the Financial Implications of Climate Change Reporting in Asia Pacific
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