{"id":3607,"date":"2024-11-08T16:15:35","date_gmt":"2024-11-08T08:15:35","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/?p=3607"},"modified":"2025-03-04T10:24:18","modified_gmt":"2025-03-04T02:24:18","slug":"international-financial-reporting-standards-ifrs-s1-and-s2","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/international-financial-reporting-standards-ifrs-s1-and-s2\/","title":{"rendered":"International Financial Reporting Standards (IFRS) S1 and S2"},"content":{"rendered":"<p>The International Sustainability Standards Board (ISSB) has released the IFRS\u00a0<strong>Sustainability Disclosure Standards<\/strong>, a global framework for consistent, comparable, and high-quality sustainability reporting. These standards, designed to meet investor needs, include IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, which were issued on 26 June 2023 and become effective for periods beginning on or after 1 January 2024.<\/p>\n<p>&nbsp;<\/p>\n<h2 class=\"wp-block-heading\">Core Contents of IFRS S1<\/h2>\n<p>&nbsp;<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3784 lazyload\" data-src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/IFRS-Core-Contents-600x338.png\" alt=\"\" width=\"689\" height=\"388\" data-srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/IFRS-Core-Contents-600x338.png 600w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/IFRS-Core-Contents-1200x675.png 1200w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/IFRS-Core-Contents-768x432.png 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/IFRS-Core-Contents-1536x864.png 1536w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/IFRS-Core-Contents-2048x1152.png 2048w\" data-sizes=\"auto, (max-width: 689px) 100vw, 689px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 689px; --smush-placeholder-aspect-ratio: 689\/388;\" \/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3784\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/IFRS-Core-Contents-600x338.png\" alt=\"\" width=\"689\" height=\"388\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/IFRS-Core-Contents-600x338.png 600w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/IFRS-Core-Contents-1200x675.png 1200w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/IFRS-Core-Contents-768x432.png 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/IFRS-Core-Contents-1536x864.png 1536w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/IFRS-Core-Contents-2048x1152.png 2048w\" sizes=\"auto, (max-width: 689px) 100vw, 689px\" \/><\/noscript><\/figure>\n<div class=\"wp-block-spacer\" aria-hidden=\"true\"><\/div>\n<p>&nbsp;<\/p>\n<h2 class=\"wp-block-heading\">IFRS S1<\/h2>\n<p><strong>General Disclosures:<\/strong>\u00a0IFRS S1 mandates that entities disclose information about their sustainability-related risks and opportunities arising up and down the reporting entity\u2019s value chain, including their impact on financial performance and position.<\/p>\n<p>&nbsp;<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3782 lazyload\" data-src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/General-Requirements-for-Sustainability-Disclosures-600x338.png\" alt=\"\" width=\"686\" height=\"387\" data-srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/General-Requirements-for-Sustainability-Disclosures-600x338.png 600w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/General-Requirements-for-Sustainability-Disclosures-1200x675.png 1200w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/General-Requirements-for-Sustainability-Disclosures-768x432.png 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/General-Requirements-for-Sustainability-Disclosures-1536x864.png 1536w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/General-Requirements-for-Sustainability-Disclosures-2048x1152.png 2048w\" data-sizes=\"auto, (max-width: 686px) 100vw, 686px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 686px; --smush-placeholder-aspect-ratio: 686\/387;\" \/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3782\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/General-Requirements-for-Sustainability-Disclosures-600x338.png\" alt=\"\" width=\"686\" height=\"387\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/General-Requirements-for-Sustainability-Disclosures-600x338.png 600w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/General-Requirements-for-Sustainability-Disclosures-1200x675.png 1200w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/General-Requirements-for-Sustainability-Disclosures-768x432.png 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/General-Requirements-for-Sustainability-Disclosures-1536x864.png 1536w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/General-Requirements-for-Sustainability-Disclosures-2048x1152.png 2048w\" sizes=\"auto, (max-width: 686px) 100vw, 686px\" \/><\/noscript><\/figure>\n<div class=\"wp-block-spacer\" aria-hidden=\"true\"><\/div>\n<p>Identifying and disclosing all material risks and opportunities related to sustainability can be done through the steps illustrated below.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3783 lazyload\" data-src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Identifying-Disclosing-all-Material-Sustainability-related-Risks-and-Disclosures-600x338.png\" alt=\"\" width=\"697\" height=\"393\" data-srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Identifying-Disclosing-all-Material-Sustainability-related-Risks-and-Disclosures-600x338.png 600w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Identifying-Disclosing-all-Material-Sustainability-related-Risks-and-Disclosures-1200x675.png 1200w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Identifying-Disclosing-all-Material-Sustainability-related-Risks-and-Disclosures-768x432.png 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Identifying-Disclosing-all-Material-Sustainability-related-Risks-and-Disclosures-1536x864.png 1536w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Identifying-Disclosing-all-Material-Sustainability-related-Risks-and-Disclosures-2048x1152.png 2048w\" data-sizes=\"auto, (max-width: 697px) 100vw, 697px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 697px; --smush-placeholder-aspect-ratio: 697\/393;\" \/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3783\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Identifying-Disclosing-all-Material-Sustainability-related-Risks-and-Disclosures-600x338.png\" alt=\"\" width=\"697\" height=\"393\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Identifying-Disclosing-all-Material-Sustainability-related-Risks-and-Disclosures-600x338.png 600w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Identifying-Disclosing-all-Material-Sustainability-related-Risks-and-Disclosures-1200x675.png 1200w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Identifying-Disclosing-all-Material-Sustainability-related-Risks-and-Disclosures-768x432.png 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Identifying-Disclosing-all-Material-Sustainability-related-Risks-and-Disclosures-1536x864.png 1536w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Identifying-Disclosing-all-Material-Sustainability-related-Risks-and-Disclosures-2048x1152.png 2048w\" sizes=\"auto, (max-width: 697px) 100vw, 697px\" \/><\/noscript><\/p>\n<p>&nbsp;<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><\/figure>\n<div class=\"wp-block-spacer\" aria-hidden=\"true\"><\/div>\n<h2 class=\"wp-block-heading\">IFRS S2 Climate-Related Disclosures<\/h2>\n<p>IFRS S2 focuses specifically on climate-related risks and opportunities, providing a framework for reporting climate-related information in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The standard aims to enhance the consistency and comparability of climate-related disclosures across entities. It applies to:<\/p>\n<ul>\n<li>Climate-related risks to which the entity is exposed, namely climate-related physical and transition risks; and<\/li>\n<li>Climate-related opportunities available to the entity<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-large\"><\/figure>\n<p>&nbsp;<\/p>\n<div class=\"wp-block-spacer\" aria-hidden=\"true\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-3785 lazyload\" data-src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Impact-to-Businesses-and-Investors-600x338.png\" alt=\"\" width=\"682\" height=\"384\" data-srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Impact-to-Businesses-and-Investors-600x338.png 600w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Impact-to-Businesses-and-Investors-1200x675.png 1200w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Impact-to-Businesses-and-Investors-768x432.png 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Impact-to-Businesses-and-Investors-1536x864.png 1536w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Impact-to-Businesses-and-Investors-2048x1152.png 2048w\" data-sizes=\"auto, (max-width: 682px) 100vw, 682px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 682px; --smush-placeholder-aspect-ratio: 682\/384;\" \/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-3785\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Impact-to-Businesses-and-Investors-600x338.png\" alt=\"\" width=\"682\" height=\"384\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Impact-to-Businesses-and-Investors-600x338.png 600w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Impact-to-Businesses-and-Investors-1200x675.png 1200w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Impact-to-Businesses-and-Investors-768x432.png 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Impact-to-Businesses-and-Investors-1536x864.png 1536w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/11\/Impact-to-Businesses-and-Investors-2048x1152.png 2048w\" sizes=\"auto, (max-width: 682px) 100vw, 682px\" \/><\/noscript><\/div>\n<p>&nbsp;<\/p>\n<p><em>All materials have been prepared for general information purposes only. The information presented in this document is not legal advice, is not to be acted on as such, may not be current and is subject to change without notice. Professional advisory should be sought before taking or refraining from any action as a result of the contents of this document.<\/em>\u00a0<em>Details are<\/em>\u00a0<em>b<\/em>as<em>ed on the information as of 20 September 2024.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Sustainability Standards Board (ISSB) has released the IFRS\u00a0Sustainability Disclosure Standards, a global framework for consistent, comparable, and high-quality sustainability reporting. These standards, designed to meet investor needs, include IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, which were issued on 26 June 2023 and become effective&hellip;<\/p>\n","protected":false},"author":2,"featured_media":3610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-3607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-json\/wp\/v2\/posts\/3607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-json\/wp\/v2\/comments?post=3607"}],"version-history":[{"count":5,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-json\/wp\/v2\/posts\/3607\/revisions"}],"predecessor-version":[{"id":3787,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-json\/wp\/v2\/posts\/3607\/revisions\/3787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-json\/wp\/v2\/media\/3610"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-json\/wp\/v2\/media?parent=3607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-json\/wp\/v2\/categories?post=3607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-json\/wp\/v2\/tags?post=3607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}