In June 2023, the IFRS issued two new reporting standards. These are the sustainability disclosure standards IFRS S1 and S2, which come into force from January 2024 for corporate reports from 2025.

Climate change brings risks to organizations and the economy, but it also holds opportunities. In response to these issues, the International Financial Reporting Standards Foundation set up the International Sustainability Standards Board in November 2021 to develop “sustainability-related disclosure standards that provide investors and other capital market participants with information about companies’ sustainability-related risks and opportunities to help them make informed decisions.” The result of this work is the two new sustainability disclosure standards IFRS S1 and S2.

These new standards fit within a wider context of sustainability reporting standards, including emerging models in the European Union, United Kingdom, Australia, Canada, and the United States.

This course provides an overview of IFRS S1 and S2 and their requirements, as well as an insight into the broader framework of sustainability reporting standards in the key jurisdictions of the European Union, United Kingdom, Australia, Canada, and the United States.

The course also discusses the sustainability KPIs that organizations are beginning to implement. The course will help you prepare for reporting if your organization is covered by the requirements, and it will help develop expertise in the emerging field of sustainability analysis and reporting.