KEY CRITERIA OF SUSTAINABILITY REPORTING AND INTERNATIONAL STANDARDS (GRI, IFRS S1/S2, TCFD)

Abstract

This paper analyzes the key criteria of sustainability reporting and the internationally widely applied standards, including GRI (Global Reporting Initiative), IFRS S1 and IFRS S2, as well as the recommendations of the TCFD (Task Force on Climate-related Financial Disclosures). The role of sustainability reporting in assessing the long-term sustainability of organizational activities through environmental, social, and governance (ESG) indicators is highlighted. The stakeholder-oriented nature of the GRI standards, the focus of IFRS S1 and S2 standards on the disclosure of financially material sustainability- and climate-related risks and opportunities, and the role of TCFD recommendations in climate risk management are examined. The findings of the study contribute to identifying the importance of international standards in the development of sustainability reporting