ISSB Cheat Sheet 2026

The 30 highest-yield ISSB facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. What does ISSB registration enable companies to demonstrate? → Transparency and accountability to stakeholders
2. Under IFRS S2, which three Scope categories of greenhouse gas emissions must an entity disclose? → Scope 1, Scope 2, and Scope 3
3. Under IFRS S2, what are the two categories of climate-related risks that entities must address? → Physical risks and transition risks
4. What is the overall outcome of internationally recognized sustainability standards with robust test requirements? → Enhanced transparency and trust in business operations
5. In ISSB guidance, what does 'connected information' require entities to ensure? → Consistency and linkage between sustainability disclosures and financial statements
6. Under IFRS S1, what is the required timing for sustainability disclosures relative to financial statements? → At the same time as the related financial statements
7. What is the 'connected information' requirement under IFRS S1? → Connecting sustainability disclosures to financial statements
8. What is the relationship between the ISSB and the IASB (International Accounting Standards Board)? → Both boards operate independently under the IFRS Foundation
9. Under IFRS S2, what greenhouse gas measurement protocol do companies use to measure GHG emissions? → GHG Protocol Corporate Standard
10. Which ISSB concept describes how resource issues that are not currently financially material may become so as conditions evolve? → Dynamic materiality
11. Which jurisdiction was the first to mandate adoption of IFRS S1 and S2? → United Kingdom
12. What is the advantage of ISSB registration in terms of sustainability reporting? → It enables standardized reporting practices and comparisons between companies
13. What is the ISSB aiming to address? → a fragmented landscape of voluntary, sustainability-related standards and requirements
14. Why is there an urgent need for businesses to adopt consistent sustainability reporting standards? → To address global concerns about climate change and environmental degradation
15. Under IFRS S2, what is the minimum greenhouse gas emissions scope that all entities must disclose, irrespective of materiality? → Scope 1 and Scope 2 emissions
16. Under IFRS S1, which governance body is primarily responsible for overseeing sustainability-related resource risks? → The board of directors or equivalent governing body
17. Under IFRS S2, which of the following is NOT a required element of a climate-related target disclosure? → The name of the external auditor who verified the target
18. What are industry-based metrics under the ISSB framework primarily derived from? → SASB Standards
19. Under IFRS S2, if an entity is unable to obtain the information needed to include a Scope 3 category in its disclosure, what must it do? → Disclose that the information is unavailable and the reason why
20. When an entity discloses a climate-related target under IFRS S2, what type of target must be disclosed if one is aligned with limiting global warming? → A science-based target with reference to the relevant scientific basis
21. Under IFRS S1, which group is identified as the primary audience for sustainability-related financial disclosures? → Primary users of general purpose financial reports
22. What are the four core disclosure pillars that IFRS S2 shares with the TCFD framework? → Governance, Strategy, Risk Management, and Metrics & Targets
23. What are sustainability factors becoming? → a mainstream part of investment decision-making
24. What is the impact of a fragmented landscape of sustainability-related standards and requirements? → increased cost, complexity, and risk for both companies and investors
25. Who was appointed as the inaugural Chair of the ISSB? → Emmanuel Faber
26. When IFRS Sustainability Disclosure Standards do not address a specific sustainability topic, what should an entity do? → Apply judgment using a prescribed hierarchy of sources such as SASB Standards
27. What is the significance of the ISSB's 'Integrated Reporting Framework' connection? → The Value Reporting Foundation, which held the IR Framework, merged into the ISSB
28. What are the four core content pillars of IFRS S1 and S2 disclosures? → Governance, Strategy, Risk Management, Metrics & Targets
29. Which of the following is a physical climate risk category under IFRS S2? → Chronic risks such as rising sea levels and shifting precipitation patterns
30. What advantage does the ISSB standards offer in terms of reporting on sustainability performance? → Consideration of financial and non-financial factors