Your IFRS guide to how the two frameworks stack up
The International Sustainability Standards Board (ISSB) and the European Sustainability Reporting Standards (ESRS) have released guidance to help compare and align their sustainability reporting standards. This guidance includes a mapping for interoperability across key framework pillars: governance, strategy, risk management, and metrics & targets (Guide download link follows below).
Key Highlights:
- Interoperability Mapping: The guidance offers a detailed mapping to help companies navigate and align their sustainability reporting with both ISSB and ESRS standards.
- General Requirements Alignment: It describes the alignment of general requirements, focusing on key concepts such as materiality, presentation, and disclosures for sustainability topics beyond climate.
- Climate Disclosures: The guidance provides information on the alignment of climate disclosures, helping companies understand what is needed to comply with both ISSB and ESRS standards.
- Framework Pillars: The mapping covers governance, strategy, risk management, and metrics & targets, facilitating a comprehensive approach to sustainability reporting.
- Commonalities: The strong correspondence between ISSB and ESRS standards underscores the important work of both groups in promoting interoperability and highlighting the commonalities within good sustainability practices.
This resource is invaluable for organizations aiming to enhance their sustainability reporting and ensure compliance with both ISSB and ESRS standards.
Download the Guide, May 2024
