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IFRS® Sustainability Disclosure Standards

ISSB Exposure Draft, “IFRS S2 Climate-related Disclosures”


The International Sustainability Standards Board (ISSB) published the Exposure Draft, “IFRS S2 Climate-related Disclosures” (Climate Exposure Draft). It builds on the recommendations of the Task Force on Climate-Related Financial Disclosures, incorporating industry-based disclosure requirements derived from Sustainability Accounting Standards Board standards.

The Climate Exposure Draft sets out proposed requirements to identify, measure, and disclose climate-related risks and opportunities. This information, and the information from an entity's general-purpose financial reporting, will support the assessment of future cash flows, including their amounts, timing, and certainty over the short, medium, and long terms. This assessment will, in turn, inform the analysis of an entity’s enterprise value.

Staff Contact(s)

Lisa French, MBA, P.Eng. VP, Sustainability Standards

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AcSOC and AASOC formulated their response to the ISSB’s “Climate-related Disclosures” Exposure Draft, using feedback gathered from an extensive cross-section of Canadian stakeholders through various forums. Read the comment letter for Canada’s response to the proposed objective of the Exposure Draft, requirements for identifying climate-related risks and opportunities, scenario analysis, transition plans and carbon offsets, and more.