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As a result of investor and stakeholder feedback, the ISSB also provided transition relief, which includes an option for ‘climate-first’ reporting. Since the initial release of the IFRS SDS and subsequent transition relief guidance, there has been significant demand for educational material to assist preparers and practitioners in interpreting and applying the Standards.
In response to this demand, and the IFRS Foundation’s commitment to prioritise the implementation of their new Standards, they have released some educational materials to support the Standards.
Educational materials
The first educational materials released in March 2025 were entitled ‘Applying IFRS S1 when reporting only climate-related disclosures in accordance with IFRS S2’. The materials provide practical guidance on how to report climate-only information when utilising the ‘climate-first’ transition relief option.
The latest educational materials, released at the end of May 2025 and entitled 'Greenhouse Gas Emissions Disclosure requirements applying IFRS S2 Climate related Disclosures', aim to assist users in understanding measurement and disclosure requirements of Greenhouse Gas (GHG) emissions in IFRS S2. The focus of the materials is on answering questions related to the reasoning behind certain GHG related requirements, how the GHG Protocol materials can be used in relation to the IFRS S2 requirements, and aspects of the GHG emissions-related requirements.
Neither of the materials are intended to change the requirements of either Standard, but support entities when implementing them for the first time.
Our thoughts
We are pleased to see the ISSB continue to invest in the implementation of their sustainability disclosure standards, via the release of these educational materials. In our view, these materials will help entities understand the requirements set out in the IFRS SDS. They also signal the ISSB’s willingness to address stakeholder feedback.
You can access the 'Greenhouse Gas Emissions Disclosure requirements applying IFRS S2 Climate related Disclosures' materials here and the ‘Applying IFRS S1 when reporting only climate-related disclosures in accordance with IFRS’ materials here.