ISSB Trivia 3

Question 1

What are the four core content pillars of IFRS S1 and S2 disclosures?

Accepted Answer

Governance, Strategy, Risk Management, Metrics & Targets

Answer

Both IFRS S1 and S2 are structured around the four pillars: Governance, Strategy, Risk Management, and Metrics & Targets.

Question 2

Under IFRS S2, which three scopes of greenhouse gas emissions must companies disclose?

Accepted Answer

Scope 1, Scope 2, and Scope 3

Answer

IFRS S2 requires disclosure of Scope 1 (direct), Scope 2 (purchased energy), and Scope 3 (value chain) GHG emissions.

Question 3

What does IFRS S1 require companies to use as industry-specific disclosure guidance?

Accepted Answer

SASB Standards

Answer

IFRS S1 references SASB Standards as the primary source of industry-based metrics and disclosure requirements.

Question 4

What is the 'connected information' requirement under IFRS S1?

Accepted Answer

Connecting sustainability disclosures to financial statements

Answer

IFRS S1 requires sustainability disclosures to be connected to the financial statements, showing how sustainability factors affect financial position.

Question 5

When were IFRS S1 and IFRS S2 officially issued?

Accepted Answer

June 2023

Answer

IFRS S1 and IFRS S2 were officially issued by the ISSB in June 2023.

ISSB - International Sustainability Standards Board Practice Test

ISSB - International Sustainability Standards Board Practice Test

ISSB Trivia 3