As a result of investor and stakeholder feedback, the ISSB also provided transition relief, which includes an option for ‘climate-first’ reporting. Since the initial release of the IFRS SDS and subsequent transition relief guidance, there has been significant demand for educational material to assist preparers and practitioners in interpreting and applying the Standards.
In response to this demand, and the IFRS Foundation’s commitment to prioritise the implementation of their new Standards, they have released some educational materials to support the Standards.
The first educational materials released in March 2025 were entitled ‘Applying IFRS S1 when reporting only climate-related disclosures in accordance with IFRS S2’. The materials provide practical guidance on how to report climate-only information when utilising the ‘climate-first’ transition relief option.
The latest educational materials, released at the end of May 2025 and entitled 'Greenhouse Gas Emissions Disclosure requirements applying IFRS S2 Climate related Disclosures', aim to assist users in understanding measurement and disclosure requirements of Greenhouse Gas (GHG) emissions in IFRS S2. The focus of the materials is on answering questions related to the reasoning behind certain GHG related requirements, how the GHG Protocol materials can be used in relation to the IFRS S2 requirements, and aspects of the GHG emissions-related requirements.
Neither of the materials are intended to change the requirements of either Standard, but support entities when implementing them for the first time.
We are pleased to see the ISSB continue to invest in the implementation of their sustainability disclosure standards, via the release of these educational materials. In our view, these materials will help entities understand the requirements set out in the IFRS SDS. They also signal the ISSB’s willingness to address stakeholder feedback.
You can access the 'Greenhouse Gas Emissions Disclosure requirements applying IFRS S2 Climate related Disclosures' materials here and the ‘Applying IFRS S1 when reporting only climate-related disclosures in accordance with IFRS’ materials here.
On 10 July 2025, the IFRS Foundation published educational material about using ISSB Industry-based Guidance when applying ISSB Standards.
The IFRS Foundation has published guidance on disclosures about transition plans and jurisdictional profiles to help support the implementation of IFRS SDS.
The IFRS Foundation has published its first IFRS SDS guide, which aims to provide practical guidance on how to report climate-only information when utilising the ‘climate-first’ transition relief option.
The U.S. Securities and Exchange Commission (SEC) adopted on 6 March 2024 some significant and highly anticipated climate-related disclosure requirements for public companies in their periodic disclosure reports and in registration statements for public offerings (Final Rules).
On 2 May 2024, the long-awaited and highly anticipated interoperability guidance has been jointly issued by the IFRS Foundation and European Financial Reporting Advisory Group (EFRAG).
On 26 June 2023 the International Sustainability Standards Board (ISSB) released its first two International Sustainability Disclosure Standards (IFRS SDS or the Standards) that become effective for periods beginning on or after 1 January 2024. Get to know here what they are about and how they arose.
At its April meeting, the International Sustainability Standards Board (ISSB) decided to add to the transitional reliefs already proposed in relation to the adoption of its first two Sustainability Standards – IFRS S1 ‘General Requirements for Disclosure of Sustainability-related Financial Information’ and IFRS S2 ‘Climate-related Disclosures’.
