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ISSB Standards: Understanding & Applying Materiality

By Randi Morrison posted 12-10-2024 05:41 PM

  

The IFRS Foundation released guidance to assist companies with making sustainability-related materiality determinations and associated disclosure in alignment with the ISSB IFRS S1 and S2 standards. The guide: “Sustainability-related risks and opportunities and the disclosure of material information” summarizes how materiality is defined and used in the ISSB standards, breaks down the notion of material sustainability-related risks and opportunities into more tangible components, and offers a framework / decision tree for application of the materiality standard.

See the IFRS Foundation’s release; “IFRS Foundation Launches Guide to Help Companies Identify, Report Sustainability Risks and Opportunities” (ESG Today); and additional resources on our Sustainability and Climate Risk & Disclosure pages.

           This post first appeared in the weekly Society Alert!

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