Current IFRS climate-related matters to look out for in your financial statements
The standards issued by the Institute of Sustainability Standards Board (ISSB) are not yet mandatory in South Africa. Consequently, many people are under the impression that sustainability and climate-related reporting is not a thing they need to worry about just yet. Right? Wrong!
The other body that is part of the IFRS Foundation, the International Accounting Standards Board (IASB), issued educational material that highlights some of the areas that are already impacted by climate related matters. Here is a summary of the areas cited: