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Overview
California Climate Corporate Data Accountability Act (CCDAA)
CDP Reporting Framework
Corporate Sustainability Reporting Directive (CSRD)
International Sustainability Standards Board (ISSB)
Partnership for Carbon Accounting Financials (PCAF)
Understanding the Global Reporting Initiative (GRI)

The International Financial Reporting Standards (IFRS) foundation established the International Sustainability Standards Board (ISSB) to respond to the growing demand for decision-useful, sustainability-related information that supports economic and investment decisions. The IFRS framework is globally recognized for ensuring financial information is accurate, transparent and comparable across countries and capital markets.

Through the ISSB framework, this expertise now extends to sustainability reporting. The ISSB standards include IFRS S1, which focuses on general sustainability-related risks and opportunities and IFRS S2, which specifically addresses climate-related disclosures, a critical component of sustainability reporting. Together, these standards help organizations explain how sustainability-related risks and opportunities affect enterprise value, aligning sustainability disclosures with financial reporting and international best practices.

Publicly listed companies in adopting jurisdictions including Australia, Brazil, Chile, Hong Kong, Mexico, Switzerland, UK and more, which must comply with ISSB requirements.

  • Financial institutions, including banks, insurers and investment firms, that rely on ISSB reporting for transparency and risk assessment.
  • Foreign issuers listed in the U.S. that are subject to ISSB requirements for sustainability disclosures.

Deadlines depend on where you operate. Follow here for more information.

Companies must provide disclosures in line with sustainability disclosure requirements under the ISSB framework, covering:

  • Material sustainability-related risks and opportunities, including climate-related disclosures where relevant.
  • Sustainability governance and oversight of climate-related issues.
  • Strategy, business model and value chain impacts linked to sustainability.
  • Climate risk management and integration with enterprise risk management (ERM).
  • Metrics, targets and organisational resilience in relation to sustainability and climate impacts.
  • Preparing and reviewing your report under the ISSB framework as an ISSB accredited partner, ensuring alignment with ISSB requirements.
  • Assisting with data collection and providing training support for ISSB ESG reporting compliance.
  • Performing a sustainability gap analysis to evaluate your current performance against IFRS S1, IFRS S2 and SASB requirements and metrics.
  • Conducting a materiality assessment to identify key sustainability-related risks and opportunities.
  • Performing a climate risk assessment based on scientific climate models and data from the Intergovernmental Panel on Climate Change (IPCC).
  • Preparing a transition plan and providing full documentation of your transition roadmap in accordance with the ISSB framework.

Whether you’re preparing your first sustainability report or aligning existing disclosures with IFRS standards, Sphera can help develop and review your content to simplify compliance, enhance transparency and unlock strategic insights for investors and stakeholders. Contact us to learn more.

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