ISSB IFRS S1/S2 amendments & global standards evolution
Key Questions
What is the current global adoption status of ISSB standards?
ISSB S2 has been adopted or is in progress across 42 jurisdictions, with new tools and gap assessments launched via ISS-Corporate for GHG Scope 1-3 reporting. UK SRS and AU AASB S2 explicitly require Scope 1-3 disclosures.
How are climate risks being integrated into banking stress tests?
The EBA is embedding climate risk into its 2027 EU-wide stress tests, underscoring the financial materiality of granular carbon data for banks and financial institutions.
What expansions are planned for ISSB nature-related disclosures?
ISSB is signaling broader coverage beyond climate to include nature-related disclosures on biodiversity and environmental impacts, alongside the GHG Protocol Scope 3 revision expected in 2026.
ISSB S2 (42 jurs), ISS-Corporate launch with GHG Scope1-3 tools/gap assessments; UK SRS, AU AASB S2 explicit Scope1-3, GHG Protocol Scope3 rev2026. New ISSB nature-related disclosures signal broadening to biodiversity/impacts. EBA embedding climate risk into 2027 stress tests reinforces financial materiality of granular carbon data.