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Key differences between IFRS S1 and S2

IFRS S1 and IFRS S2

✴️Key differences between IFRS S1 and S2✴️

As many countries move forward with the adoption and alignment of IFRS S1 and S2 in their sustainability reporting, it is important to understand the key differences between these two standards from its reporting scope, objectives, industry-based disclosure guidance and related topics.

By focusing on consistency and clarity in sustainability reporting, companies can better communicate their genuine progress toward sustainable practices without falling into the trap of ineffectual or inflated reporting.

At Karbon Hero 🌱, we believe simplicity in reporting is essential to develop and deploy impactful sustainable practices.

Karbon Hero collaborates with organizations throughout their journey, offering end-to-end support or assistance at critical points where it’s needed most. Our services include:

  • ESG/Sustainability Framework and Roadmap Development 
  • Stakeholder Engagement
  • Materiality Assessment 
  • Carbon Accounting
  • Sustainability-Related Risks and Opportunities Assessment
  • Climate-Related Risks and Opportunities Assessment
  • Sustainability Reporting (such as Bursa Toolkit, GRI, TCFD, IFRS S1 & S2)
  • Sustainability Assurance
  • UN Sustainable Development Goals (SDGs) Validation

Find out how Karbon Hero’s expertise can help you and your company: support@karbonhero.com