LONDON - The IFRS Foundation published educational material to help
companies understand the role of the ISSB industry-based guidance—which
collectively refers to the SASB Standards and the Industry-based Guidance on
Implementing IFRS S2—when applying IFRS Sustainability Disclosure Standards
(ISSB Standards).
ISSB industry-based guidance is a useful resource for companies
applying ISSB Standards, as it sets out disclosure topics and metrics that are
typically applicable for companies with business models associated with
specific industries.
The educational material explains:
Requirements in ISSB Standards that companies ‘shall refer to and consider the applicability of’ the ISSB industry-based guidance;
Considerations related to applying the ISSB industry-based guidance; and
Disclosure requirements about how a company has used the ISSB industry-based guidance.
The publication of this educational material is part of the ISSB’s
commitment to supporting the implementation of ISSB Standards and is intended
to help companies understand how the ISSB industry-based guidance can be used
when applying ISSB Standards.
On July 3, 2025, the ISSB published proposed enhancements to
several SASB Standards to provide timely support to companies implementing the
ISSB Standards and to ensure that the SASB Standards continue to be relevant
and fit for purpose.
This educational material can provide helpful context for
stakeholders reviewing the proposed amendments to the SASB Standards in the
Exposure Draft Proposed Amendments to SASB Standards. It has no effect on the
proposed enhancements and does not add to or otherwise change the requirements
in the ISSB Standards.
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