Navigating ISSB S1 & S2: A Practical Guide for SMEs
Sustainability reporting is no longer just for large corporations. Small and medium-sized enterprises (SMEs) play a critical role in the global economy and supply chains, making their participation essential. The International Sustainability Standards Board (ISSB) has released two key standards: S1 (General Requirements) and S2 (Climate-related Disclosures). This guide is designed to help SMEs understand and practically implement these standards without being overwhelmed. Overview of ISSB Standards What is the ISSB? The ISSB develops a comprehensive global baseline for sustainability disclosures, aiming for consistency and comparability across industries and borders. Their goal is to ensure that companies provide sustainability-related information that is relevant for investment decision-making. S1: General Requirements for Disclosure of Sustainability-related Financial Information S1 sets out overall requirements for an entity to disclose information about its sustai...
