April 2023
The ISSB met on 4 April 2023 to discuss further the transition reliefs to be provided in IFRS S1
General Requirements for Disclosure of Sustainability-related Financial Information.
The ISSB tentatively decided to introduce a transition relief in IFRS S1 that would allow an entity to report on only climate-related risks and opportunities (as set out in IFRS S2.
Climate-related Disclosures) in the first year it applies IFRS S1 and IFRS S2. The entity would be required to provide information about its other sustainability-related risks and opportunities in the second year it applies the two Standards.
Find out more
here.
Source: www.ifrs.org