What Are the ISSB Standards? IFRS S1 and IFRS S2 Explained
In Episode 4 of GreenCo's Singapore Green Plan series, we break down the ISSB Standards in about 60 seconds. Issued by the International Sustainability Standards Board (ISSB) in June 2023, they are the global baseline for sustainability-related financial disclosures and the basis for Singapore's climate reporting rules.
What You'll Learn in This Video
- What the ISSB is, and why it was set up under the IFRS Foundation
- The two standards: IFRS S1 (general requirements for sustainability-related financial disclosures) and IFRS S2 (climate-related disclosures)
- How the standards build on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)
Why the ISSB Standards Matter
Effective for annual reporting periods beginning on or after 1 January 2024, the ISSB Standards are being adopted or used as a reference by jurisdictions around the world, including Singapore and Hong Kong. They give investors consistent, comparable information on how sustainability and climate issues affect a company's prospects. Learn how GreenCo's sustainability reporting advisory supports ISSB-aligned reporting.
Watch the Full Singapore Green Plan Series
Previous: Episode 3 – 6 Primary Components of a Sustainability Report
Next: Episode 5 – IFRS S1 Explained
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Learn with GreenCo: All-Round ESG Advisory, Built from Scratch
These learning videos are produced by GreenCo, an ESG and climate risk advisory firm in Singapore and Hong Kong that has supported more than 80 listed companies since 2016. We provide all-round ESG advisory services under one roof, from sustainability reporting and climate disclosures to GHG accounting, climate scenario analysis, ESG ratings and assurance. We can build your ESG framework, data processes and reports from scratch, and our consultants stay actively involved throughout the whole project, not just at kick-off and sign-off.
We use AI and digital tools to work faster, but AI is a tool, not the advice. The real value comes from our consultants' professional judgement: understanding your business, interpreting the rules, challenging the numbers and making sure every disclosure stands up to scrutiny.
Our Values
- Integrity – credible, decision-useful disclosures, prevent greenwashing.
- Partnership – hands-on involvement from day one to end of project.
- Tailored expertise – solutions built around your business.
- Knowledge sharing – making ESG regulations clear and accessible for everyone.
- Innovation – using technology to make sustainability work more efficient.
Our Team's Professional Credentials
- Fellow Certified Public Accountant (FCPA)
- Chartered Financial Analyst (CFA) – CFA Institute
- Financial Risk Manager (FRM) – Global Association of Risk Professionals (GARP)
- Certified ESG Analyst (CESGA)
- Sustainable Investing Certificate – CFA Institute
- GRI Certified Professional
- Practitioner Member – Institute of Sustainability and Environmental Professionals (ISEP)
- GRI Certified Sustainability Professional – Global Reporting Initiative (GRI)