140+
Global reach
IFRS is required or permitted in more than 140 countries and jurisdictions.
Get to know the InternationalFinancialReportingStandards(IFRS)
Connect financial reporting with sustainability disclosures.
IFRS standards help companies present comparable financial statements. With the ISSB, IFRS now includes sustainability disclosure standards. Use this overview and link list to understand the structure and jump into IFRS S1, S2, and applicability guidance.
What are the International Financial Reporting Standards (IFRS)?
IFRS are globally recognised accounting standards issued by the International Accounting Standards Board (IASB). Today, the IFRS Foundation also hosts the International Sustainability Standards Board (ISSB), which issues sustainability disclosure standards (IFRS S1 and IFRS S2).
1+1
Paired boards
IFRS standards are created by two complementary boards working together.
2023
Sustainability launch
IFRS S1 and IFRS S2, the first global sustainability disclosure standards, were issued in June 2023.
IFRS sustainability building blocks
IFRS Foundation. The non-profit overseeing IASB and ISSB.
ISSB standards. IFRS S1 (general) and IFRS S2 (climate).
Jurisdictional adoption. Countries adopt or adapt IFRS standards (e.g., ASRS in Australia).
Connectivity. Financial statements and sustainability disclosures share definitions and controls.
WHY IT MATTERS
Why IFRS matters for sustainability leaders
Global comparability. Using IFRS lets investors and partners compare disclosures across markets.
Regulatory alignment. Many jurisdictions plan to mandate ISSB-based reporting.
Investor expectations. Capital markets expect integrated financial + sustainability storytelling.
Scalable templates. IFRS gives you a structure you can localise for different regulators.
FRAMEWORK
How IFRS, ISSB, and local regulators work together
- IFRS Foundation governance. IASB + ISSB operate under one governance charter.
- ISSB issues standards. IFRS S1/S2 provide the global baseline for sustainability disclosures.
- Jurisdictions adopt/adapt. Local boards (e.g., AASB) translate ISSB standards into law.
- Entities implement + assure. Companies integrate IFRS-aligned disclosures into annual reporting and assurance cycles.
MEASUREMENT
IFRS sustainability disclosure essentials
- Governance + strategy. Explain who oversees sustainability topics and how they affect business plans.
- Risk management. Describe processes for identifying and managing sustainability-related risks/opportunities.
- Metrics + targets. Provide KPIs, targets, Scope 1-3 emissions (for climate), and assumptions.
- Connectivity with financials. Show how sustainability data links to financial statements and enterprise value.
Next steps for IFRS sustainability readiness
Explore ISSB and jurisdictional pages. Use the resources below to dive into ISSB, IFRS S1, IFRS S2, and applicability.
Assign cross-functional owners. Set up RunSustainably workstreams with finance, sustainability, and risk teams.
Map adoption timelines. Track when your jurisdictions plan to adopt ISSB standards.
GLOSSARY SNAPSHOT
IFRS glossary snapshot
IFRS. International Financial Reporting Standards.
ISSB. International Sustainability Standards Board (part of IFRS Foundation).
IASB. International Accounting Standards Board.
FAQS
What are the International Financial Reporting Standards (IFRS)? FAQs
What are IFRS standards?
Global accounting standards issued by the IASB; now expanded to include sustainability disclosure standards via the ISSB.
Is ISSB part of IFRS?
Yes. ISSB sits under the IFRS Foundation and issues IFRS S1/S2.
How do I start using IFRS sustainability standards?
Review IFRS S1/S2, check local adoption timelines, and align internal reporting processes accordingly.
Where can I learn more?
Use the linked pages (ISSB overview, IFRS S1, IFRS S2, applicability) for deeper dives.
Drova RunSustainably centralises objectives, tasks, and approvals so sustainability disclosures stay audit-ready.
Ready to keep IFRS/ISSB reporting on track?
SUSTAINABILITY REPORTING HUB
Explore related topics
ISSB overview
Learn who sets the global sustainability disclosure standards.
IFRS S1
General sustainability disclosure requirements.
IFRS S2
Climate-related disclosure requirements.
ISSB applicability
Decide if ISSB standards apply to your organisation.
ASRS overview
See how Australia localises IFRS sustainability standards.
AASB S1
Australian version of IFRS S1.
