The IFRS Foundation announced the launch of a new e-learning module-based course, aimed at supporting companies in understanding the new International Sustainability Standards Board (ISSB) sustainability and climate-related standards, and to help drive the implementation of the standards.
According to the IFRS Foundation, the new e-learning course form part of its “ongoing commitment to support the global adoption and implementation of ISSB Standards in response to market demand for practical tools,” and were designed as an introductory tool for companies beginning preparation for sustainability-related disclosures, or for other stakeholders interested in learning about the ISSB standards.
The IFRS Foundation’s International Sustainability Standards Board was launched in November 2021 at the COP26 climate conference, 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.
Recently, the IFRS Foundation announced that 36 jurisdictions have moved to adopt or otherwise use the new ISSB standards, including 17 that have already finalized their approach to using the standards.
Available on the IFRS Sustainability Knowledge Hub, the new course includes four modules, covering an introduction to the IFRS Sustainability Disclosure Standards, introductions to IFRS S1 and to IFRS S2, as well as integrated sustainability disclosures and organizational considerations.
After completing each module, users have the option to take a short assessment to receive a certificate of completion, with members of professional accounting bodies, when eligible, able to earn CPD/CPE credits.
Sue Lloyd, ISSB Vice-Chair, said:
“The ISSB is committed to supporting companies as they implement our Standards. We understand the need for accessible, practical resources to help preparers understand and apply IFRS S1 and IFRS S2. This e-learning course, along with our library of educational materials, will help equip individuals with the knowledge they need to understand our Standards and implement them effectively with the aim of providing decision-useful globally comparable sustainability-related information for investors.”
