Beyond the GAAP no. 178 – June 2023
The definitive ESRS are expected to be adopted this month, right after the end of the four-week public consultation which closed on 7 July. Sustainability reporting is also very much in the international news. On 26 June, the International Sustainability Standards Board (ISSB) published the definitive versions of its first two standards, IFRS S1 - General Requirements for Disclosure of Sustainability-related Financial Information, and IFRS S2 - Climate Change Disclosures, laying the foundations for a globally recognised baseline for reporting on the financial effects of the risks and opportunities arising from sustainability issues.