IFRS Foundation guidance on using the SASB standards to meet the requirements of IFRS S1

Keywords: Mazars, Thailand, SASB, IFRS, Sustainability, IFRS S1

On 19 February, the IFRS Foundation published educational material on using the SASB Standards to meet the requirements in IFRS S1 and a webcast on the importance of industry-specific disclosures to investors. 

In the webcast, the ISSB discusses with investors the key reasons why they use industry-specific information in their analysis and decision making, and how the SASB standards can help meet sector-specific requirements in the IFRS SDS.  

Although IFRS S1 does not require entities to apply the SASB standards, it does require them to refer to and consider the applicability of the topics and metrics in SASB Standards. The educational material sets out how companies can refer to and consider the content of the SASB standards when meeting these requirements, including consideration of what the SASB standards are and why they are useful.  

The core of guidance is a four-step process, with key questions to ask at each stage, for how companies may use the SASB standards to: 

• identify relevant industry standards;  
• identify relevant disclosure topics;  
• identify relevant metrics;  
• develop disclosures using technical protocols