ISSB Trivia 2

Question 1

In which city is the ISSB headquarters located?

Accepted Answer

Frankfurt, Germany

Answer

The ISSB is headquartered in Frankfurt, Germany, with additional offices in other cities.

Question 2

What was the primary climate-related disclosure framework that IFRS S2 built upon?

Accepted Answer

TCFD Recommendations

Answer

IFRS S2 is explicitly built upon and aligned with the TCFD (Task Force on Climate-related Financial Disclosures) recommendations.

Question 3

Which two organizations were consolidated into the ISSB upon its formation?

Accepted Answer

CDSB and VRF

Answer

The Climate Disclosure Standards Board (CDSB) and the Value Reporting Foundation (VRF) were consolidated into the ISSB.

Question 4

What is the primary audience for ISSB sustainability disclosures?

Accepted Answer

Investors and capital market participants

Answer

ISSB standards are designed with investors and capital market participants as the primary audience, focusing on investor-relevant information.

Question 5

What concept requires companies under IFRS S1 to disclose sustainability risks and opportunities across their entire value chain?

Accepted Answer

Financial materiality

Answer

ISSB uses a financial materiality (single materiality) lens, requiring disclosure of information material to enterprise value creation across the value chain.

ISSB - International Sustainability Standards Board Practice Test

ISSB - International Sustainability Standards Board Practice Test

ISSB Trivia 2