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ARTICLE · 28 NOVEMBER 2024

Managing The Value Chain Under IFRS Standards

Hamad in association with Youssry Saleh & Partners (AHYSP)
Explore more from Hamad in association with Youssry Saleh & Partners (AHYSP)

In today's corporate landscape, sustainability is increasingly central to a company's impact and success. The International Financial Reporting Standards (IFRS) S1 and S2 underscore

Saudi ArabiaCorporate/Commercial Law
AHYSP Law Firm
AHYSP Law Firm
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In today's corporate landscape, sustainability is increasingly central to a company's impact and success. The International Financial Reporting Standards (IFRS) S1 and S2 underscore the importance of comprehending and managing the value chain to bolster transparency, accountability, and sustainable performance.

Understanding the Value Chain under IFRS S1 and S2

  • IFRS S1: General Requirements for Sustainability Disclosures

IFRS S1 mandates that companies offer detailed disclosures on various environmental, social, and governance (ESG) factors. The standard broadens the definition of value to include not only financial outcomes but also the sustainability-related effects of a company's operations throughout its entire value chain. This encourages firms to disclose how their activities contribute to or detract from value creation for both the organization and its stakeholders.

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