related financial risks and The standards will require disclosure of information about an opportunities and other general entity’s impacts and dependencies on people, the planet and the reporting requirements. [...] The ISSB will complement its package of transitional reliefs to support companies applying IFRS S1 and IFRS S2 by permitting entities that apply the standards to only make disclosures about climate-related risks and opportunities in the first year of adoption, with disclosure of all material sustainability-related risks and opportunities beginning in the second year of adoption. [...] - The meaning of the ‘global baseline’ would require an entity to make disclosures that are designed to meet the information needs of existing and 4 ISRB 2023/03 IFRS S1 and IFRS S2 Topic Requirements potential investors, lenders and other creditors; that the information to be provided in such disclosures is subject to an assessment of materiality; and that the information can be presented with in. [...] Metrics and targets - Objective is to require an entity to disclose information about both the metrics objective the entity uses to measure and monitor sustainability-related risks and opportunities and the metrics required by IFRS Sustainability Disclosure Standards (even if the entity does not use these metrics). [...] Current and - If any information in an entity’s financial statements has been affected by anticipated financial sustainability related risks and opportunities, the entity will be required to effects and disclose quantitative and qualitative information explaining the connections connected between those risks and opportunities and their current and anticipated information financial effects.
Authors
- Pages
- 8
- Published in
- Australia
