In June 2023, the International Sustainability Standards Board (ISSB), established by the IFRS Foundation in 2021, issued the IFRS Sustainability Disclosure Standards – IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, and IFRS S2 Climate-related Disclosures. These standards are based on and build upon existing concepts, frameworks, and metrics developed under International Financial Reporting Standards (IFRS).
By the end of 2025, more than 35 jurisdictions worldwide had initiated the process of adopting or adapting these standards, including Brazil, Bolivia, Chile, Mexico, Australia, Canada, Japan, and Malaysia. Their objective is to establish a global baseline for sustainability-related financial information, enabling entities to provide consistent, comparable, and decision-useful information to investors and other stakeholders.
