New International Sustainability Standards | Raymond Chabot Grant Thornton
It explains the key things you need to know about them. It also provides a description of the four pillars of the Task Force on Climate-related Financial
www.rcgt.comHere’s a quick update on IFRS Sustainability Disclosure Standards (IFRS S1/S2).
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What they are: IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures form the IFRS Sustainability Disclosure Standards (ISSB) framework aimed at a global baseline for sustainability reporting focused on financial materiality. This framework seeks to unify and simplify the existing patchwork of sustainability frameworks to improve comparability for investors. [cite ][cite ]
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Latest developments (as of 2026): The ISSB’s standards were first issued in 2023, with ongoing global adoption and implementation discussions across jurisdictions, including alignment considerations with regional regimes like ESRS in the EU and evolving U.S. rules. Several jurisdictions have begun or continued mapping, transition planning, and potential reporting requirements for entities under local regimes, while many companies are preparing to collect data and adjust disclosures to the new baseline. [cite ][cite ][cite ]
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Key implications for companies:
- Investors will see more consistent, decision-useful disclosures on sustainability risks and opportunities, particularly climate-related financial risks, under S2. [cite ]
- S1’s general disclosure requirements cover governance, strategy, risk management, metrics, and targets related to sustainability information that could affect financial condition and performance. [cite ]
- Adoption timelines vary by jurisdiction; many regions are in or moving into transition phases, requiring readiness for external assurance and interoperability with local reporting standards. [cite ][cite ]
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How to prepare (high level):
- Map existing sustainability data to IFRS S1/S2 concepts, focusing on information material to enterprise value and financial statements. [cite ]
- Establish governance and data collection processes for climate-related disclosures, including scenario analysis, targets, and key metrics. [cite ]
- Monitor regulatory developments in your jurisdiction and plan for audit/assurance requirements as adoption progresses. [cite ][cite ]
Illustrative example:
- A multinational company assesses which climate-related metrics (emissions, energy intensity, financed emissions, transition plan milestones) are financially material and aligns them with S2 disclosures, while broader sustainability governance and risk oversight are addressed under S1. This alignment helps investors compare across peers using one global baseline. [cite ]
If you’d like, I can pull the latest jurisdiction-specific status (e.g., EU ESRS alignment, US developments, or country adoption timelines) and summarize how that affects your Marseille-based operations. I can also create a concise checklist or a chart showing the mapping between IFRS S1/S2 and typical existing disclosures your company might already report. [cite ]