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. Under IFRS S1, what is the required timing for sustainability disclosures relative to financial statements? → At the same time as the related financial statements
6. What is the advantage of ISSB registration in terms of sustainability reporting? → It enables standardized reporting practices and comparisons between companies
7. What is the ISSB aiming to address? → a fragmented landscape of voluntary, sustainability-related standards and requirements
8. Why is there an urgent need for businesses to adopt consistent sustainability reporting standards? → To address global concerns about climate change and environmental degradation
9. 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
10. What are industry-based metrics under the ISSB framework primarily derived from? → SASB Standards
11. 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
12. 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
13. What are sustainability factors becoming? → a mainstream part of investment decision-making
14. What is the impact of a fragmented landscape of sustainability-related standards and requirements? → increased cost, complexity, and risk for both companies and investors
15. What advantage does the ISSB standards offer in terms of reporting on sustainability performance? → Consideration of financial and non-financial factors
16. Under IFRS S1, which industry-based disclosure requirements does the ISSB reference as a source of guidance? → SASB Standards (now part of the IFRS Foundation)
17. What characteristics should test requirements for sustainability standards encompass? → Both qualitative and quantitative aspects of sustainability
18. What transition relief does IFRS S1 provide for entities in their first reporting period regarding Scope 3 emissions? → Scope 3 emissions disclosure under IFRS S2 may be omitted entirely in the first year
19. What climate scenario does IFRS S2 specifically reference as a scenario entities should consider? → A scenario consistent with limiting global warming to 1.5°C above pre-industrial levels
20. Who can benefit from applying the ISSB's standards? → companies and investors
21. Which jurisdiction was among the first to adopt mandatory IFRS S1 and S2 reporting requirements for publicly listed companies? → Australia
22. What transition relief did the ISSB grant for the first reporting period under IFRS S1? → Entities may omit comparative information in the first year of applying IFRS S1
23. Why is adaptability an important aspect of test requirements for sustainability standards? → To accommodate advancements in technologies and scientific knowledge
24. Which greenhouse gas protocol does IFRS S2 require entities to use for measuring GHG emissions? → The Greenhouse Gas Protocol Corporate Standard
25. What aspect of sustainability does ISSB Training emphasize? → The interconnectedness of environmental, social, and economic factors
26. Under IFRS S2, which physical risk classification requires entities to consider impacts from extreme weather events? → Acute physical risks
27. What does 'Scope 2' GHG emissions refer to under the GHG Protocol as referenced in IFRS S2? → Indirect emissions from the generation of purchased energy consumed by the entity
28. Why are robust test requirements important for international sustainability standards? → To ensure credibility and validity of the standards
29. When was the creation of the ISSB announced? → November 2025
30. What does ISSB Training provide professionals with? → Knowledge and skills to effectively implement sustainability standards