{"id":2083,"date":"2025-02-04T09:30:37","date_gmt":"2025-02-04T01:30:37","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=2083"},"modified":"2025-08-11T09:34:44","modified_gmt":"2025-08-11T01:34:44","slug":"ifrs-releases-guidance-for-targeted-climate-disclosures-under-issb-standards","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2025\/02\/04\/ifrs-releases-guidance-for-targeted-climate-disclosures-under-issb-standards\/","title":{"rendered":"IFRS releases Guidance for Targeted Climate Disclosures Under ISSB Standards"},"content":{"rendered":"\n<p>The IFRS Foundation has released a new implementation guide designed to assist companies in applying the International Sustainability Standards Board (ISSB) standards when reporting <em>solely<\/em> on climate-related information.<\/p>\n\n\n\n<p>The guide specifically addresses the correct application of <em>IFRS S2 Climate-related Disclosures<\/em> for entities opting for a &#8220;climate-first&#8221; reporting approach. It clarifies that even when reporting only climate-related information, companies must still adhere to the relevant general requirements outlined in <em>IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information.<\/em><\/p>\n\n\n\n<p><strong>Background and Rationale:<\/strong><br>This guidance responds to stakeholder feedback received during the development of IFRS S1 and S2. While investors strongly emphasized the critical and immediate need for standardized climate-related data, other stakeholders expressed concerns regarding the feasibility and availability of broader sustainability-related information in the initial phases of adoption. The &#8220;climate-first&#8221; option, part of the ISSB&#8217;s suite of <em>transition reliefs<\/em>, aims to balance this urgent investor demand for climate data with practical implementation challenges faced by companies.<\/p>\n\n\n\n<p>The publication forms a key part of the ISSB&#8217;s ongoing efforts to support preparers in generating clear, consistent, and decision-useful sustainability disclosures. By providing specific guidance for climate-only reporting, the IFRS Foundation aims to:<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li>Enhance the quality and comparability of climate disclosures under IFRS S2.<\/li>\n\n\n\n<li>Facilitate smoother implementation for companies starting their ISSB reporting journey.<\/li>\n\n\n\n<li>Ensure investors receive the material climate information they require for decision-making, even as companies build capacity for broader sustainability reporting.<\/li>\n<\/ol>\n\n\n\n<p><strong>Source:<\/strong>  IFRS News, 30 January 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IFRS Foundation has released a new implementation guide designed to assist companies in applying the International Sustainability Standards Board (ISSB) standards when reporting solely on climate-related information. The guide specifically addresses the correct application of IFRS S2 Climate-related Disclosures for entities opting for a &#8220;climate-first&#8221; reporting approach. It clarifies that even when reporting only [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,12,8,6],"tags":[],"class_list":["post-2083","post","type-post","status-publish","format-standard","hentry","category-accounting","category-company-law","category-incometax","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/2083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=2083"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/2083\/revisions"}],"predecessor-version":[{"id":2084,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/2083\/revisions\/2084"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=2083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=2083"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=2083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}