IFRS S1: REFLECTION OF SUSTAINABILITY-RELATED INFORMATION IN FINANCIAL STATEMENTS
DOI:
https://doi.org/10.60078/2992-877X-2025-vol3-iss4-pp123-128Abstract
IFRS S1 International Financial Reporting Standards establishes general requirements for disclosing information about sustainability-related risks and opportunities. The primary goal of this standard is to help organizations provide accurate and transparent information about sustainability-related risks and opportunities. IFRS S1 ensures the disclosure of important information about sustainability-related risks and opportunities through financial reports, which assists users in making investment decisions. The standard requires the disclosure of sustainability-related information in a unified format in financial reports, which enhances the comparability and clarity of global financial reporting. This standard aims to optimize financial management and contribute to the long-term sustainable development of organizations.This article discusses the processes of reflecting sustainability-related risks and opportunities in financial reports.
Keywords:
financial reporting risk sustainability standards financial information International Financial Reporting Standards (IFRS)References
Crowther, D., & Keating, G. (2023) "Corporate Sustainability and the Role of IFRS in Environmental, Social, and Governance (ESG) Reporting." Journal of Corporate Social Responsibility, 34(2), 155-177.
Healy, P. M., & Palepu, K. G. (2024) "The Role of Sustainability-Related Disclosures in Strategic Decision Making." The Journal of Financial and Strategic Management, 29(3), 111-129.
IFRS S1 (2023) General Requirements for Disclosure of Sustainability-related Financial Information June 2023 IFRS S1 IFRS® Sustainability Disclosure Standard International Sustainability Standards Board.
ifrs.org (2025) Available at: https://www.ifrs.org/issued-standards/ifrs-sustainability-standards navigator/ifrs-s1-general-requirements/#about
Moon, P. J. (2023) "The Impact of IFRS Sustainability Reporting Standards on Corporate Governance." International Journal of Financial Management, 21(4), 290-310.
Roberts, J. H. (2024) "Challenges in Implementing IFRS S1: A Critical Review." Accounting & Finance Journal, 18(1), 44-62.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
