International Sustainability Standards Published Amendments to SASB Standards, Educational Materials to Understand the ‘nature and social aspects’ of climate-related risks and opportunities, and Adoption Guidance to Regulators

The International Sustainability Standards Board (ISSB) has published amendments to the SASB Standards to enhance their international applicability. These amendments remove and replace jurisdiction-specific references and definitions, without substantially altering industries, topics or metrics. The SASB Standards are an important source of guidance for companies applying IFRS S1. These amendments are intended to enhance the utility of the SASB Standards for preparers, regardless of their geographic location or operating footprint.

With over 3,200 companies in more than 80 jurisdictions already applying the SASB Standards, including 75% of the S&P Global 1200 Index, the enhancements aim to ensure their ongoing effectiveness in supporting industry-specific sustainability disclosures. Find out more:

How might a company disclose water scarcity as a climate-related risk?

In December 2023 the IFRS Foundation published new educational material to help companies navigate and understand the ‘nature and social aspects’ of climate-related risks and opportunities when applying IFRS S2.

The educational material includes three examples to help illustrate how companies might apply particular requirements in IFRS S1 and IFRS S2. Find out more about this example and read the rest of the educational material:

The jurisdictional journey towards implementing IFRS S1 and IFRS S2—Adoption Guide overview

This document outlines the mechanisms that the IFRS Foundation and the International Sustainability Standards Board (ISSB) are planning to use to support jurisdictional regulatory implementation of the ISSB’s first Standards, IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures. You can access the Adoption Guidance here: