30 June 2024 Sustainability Reporting

This webcast covers the following with the purpose of helping to explain the interoperability between the SASB Standards and ESRS: ► The background to the publication of the Interoperability Guidance; ► Common disclosures and the high degree of alignment of climate-related disclosures between the SASB Standards and ESRS; ► Elements of the disclosures that companies will need to approach in a speci. [...] The purpose of the MoU is to set forth the general principles for cooperation and strengthened relations between the parties on the development of new standards and guidance with the aim to help minimise the cost and effort required of standard users and reporting organisations, while ensuring that the information needs of users of general-purpose financial reports are met. [...] The Feedback Statement was published which summarises the feedback from stakeholders to the ISSB’s Request for Information Consultation on Agenda Priorities from November 2023 to April 2024, the ISSB’s responses to that feedback, the strategic direction and balance of the ISSB’s activities and new research projects added to the work plan. [...] During the meeting between the IFRS Foundation and the Sustainability Standards Advisory Forum (SSAF) held on 11 June 2024, the ISSB shared its digital financial reporting priorities and activities the ISSB could undertake to support these priorities in the future, which are the following: IASB project page ► Support use of the ISSB Taxonomy as follows: ISSB Taxonomy IFRS Sustainability • Updating. [...] The high level of correspondence between the ESRS environmental standards beyond climate change (E2-E5) and the TNFD recommendations and core metrics is reflected, in addition to others, via the following: ► Concepts and definitions: Both the TNFD and ESRS recommend the need for disclosure of nature-related impacts, risks and opportunities.