A Simple Guide to IFRS S1: The Global Standard for Sustainability Reporting
Businesses need to report how they affect the environment and society. IFRS S1 is a global standard that helps companies share clear and reliable sustainability information. It ensures businesses explain their risks, plans, and progress in areas like climate change, fair work practices, and responsible resource use. Investors, regulators, and the public can then compare companies and make informed decisions. IFRS S1 makes sustainability reporting more structured and trustworthy, helping businesses show accountability and plan for the future.