We discuss the recently issued final IFRS Sustainability Disclosure Standards and the status of adoption by jurisdictions around the world.
The International Sustainability Standards Board (ISSB) issued final IFRS® Sustainability Disclosure Standards on June 26, 2023. While IFRS Sustainability Disclosure Standards are not yet required in any jurisdiction, multiple jurisdictions around the world have already signaled their intent to adopt the new standards, with additional jurisdictions expected to do so now that the standards are final.
What can companies find inside the new Sustainability Disclosure Standards? This week, Heather Horn was joined by Katie Woods, PwC UK director, to discuss the expected breadth of adoption internationally and the important considerations in advance of adoption.
In this episode, you’ll hear discussion of:
  • 1:48 - The final IFRS Sustainability Disclosure Standards: IFRS S1 and IFRS S2
  • 7:06 - The current status of adoption of the Sustainability Disclosure Standards in international territories
  • 11:43 - The interconnectivity between IFRS Sustainability Disclosure Standards and IFRS Accounting Standards
  • 19:12 - Key changes between the exposure drafts and the final standards
  • 26:42 - Factors to consider when identifying and disclosing sustainability risks and opportunities
  • 38:35 - Final advice for companies looking to prepare for adoption of these standards

Looking for more information on the ISSB and ESG reporting? Check out our podcast with ISSB Vice-Chair Sue Lloyd on the launch of the final ISSB standards. For more on the final standards, read our In brief.
About our guest
Katie Woods is a Director in PwC's Global Accounting Consulting Services group and advises on ESG and international accounting standards. Katie specializes in the new and emerging ESG reporting frameworks, working across the PwC Network. Katie is a frequent speaker on a range of ESG and accounting topics at national and international seminars.
About our host
Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
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