Software and advisory services provider ISS-Corporate announced the launch of its ISSB IFRS program, a new solution aimed at supporting companies in meeting the requirements of the IFRS Foundation’s International Sustainability Standards Board (ISSB)’s Sustainability Disclosure Standards.
The ISSB was launched in November 2021, with the goal to develop IFRS Sustainability Disclosure Standards to provide investors with information about companies’ sustainability risks and opportunities. The IFRS released the inaugural general sustainability (IFRS S1) and climate (IFRS S2) reporting standards in June 2023. According to a recent update by ISSB Chair Emmanuel Faber, there are currently 42 , jurisdictions that are adopting, using, or have committed to use the ISSB Standards.
According to ISS-Corporate, the new program combines consulting services and software – including advisory expertise, carbon accounting, and reporting software – into a single coordinated solution, to help companies address both IFRS S1 (overarching requirements on all material sustainability-related financial disclosures) and IFRS S2 (climate-related disclosures).
Key features and capabilities of the new solution highlighted by ISS-Corporate include Gap Assessment, helping compare current climate‑related disclosures, governance practices, and processes against IFRS S2 requirements, identify material gaps, priority actions, and next steps; Carbon Accounting, enabling the development of GHG Protocol–aligned Scope 1, 2, and 3 emissions inventories, and creation of emissions data to support risk analysis, target setting, and reporting; Physical Climate Risk Assessment, including assessment of exposure to material climate hazards across owned and operated assets; Transition Climate Risk & Opportunity Assessment, to help assess how factors such as carbon pricing, policy change, energy costs, and technology shifts could affect strategy and financial performance; as well as climate target setting, transition plan development, and reporting.
Reinhilde Weidacher, Head of Corporate Sustainability Services at ISS-Corporate, said:
“As adoption of the ISSB standards accelerates globally, companies need tools that go beyond minimum requirements and enable enduring resilience. Sustainability reporting plays a critical role in how organizations communicate risk, strategy, and resilience to investors and other stakeholders over time.”
