General Studies · International Sustainability Standards Board
The International Sustainability Standards Board (ISSB) was established to create a global baseline for sustainability-related financial disclosures. The first two standards, IFRS S1 and IFRS S2, have significant implications for the global financial system. Which of the following accurately describes the focus of IFRS S2?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1IFRS S2 mandates that all companies must plant at least one thousand trees for every one million dollars of profit earned in a financial year.
- 2IFRS S2 is a standard that regulates the minimum wage requirements for bank employees in developing countries to ensure social equity.
- 3IFRS S2 specifically focuses on climate-related disclosures, requiring entities to disclose their physical risks, transition risks, and climate-related opportunities.✓
- 4IFRS S2 provides a general framework for reporting all historical financial data of a company over the last fifty years to predict future bankruptcy.
Correct answer
IFRS S2 specifically focuses on climate-related disclosures, requiring entities to disclose their physical risks, transition risks, and climate-related opportunities.
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