diginex Leads the Way in ESG Reporting with IFRS S1 and S2 Standards

ESG frameworks
diginex elevates ESG reporting with IFRS S1 and S2 standards in diginexESG. Globally endorsed, providing advanced tools for effective ESG reporting.
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January 19, 2024

At diginex, we're proud to announce a significant enhancement to our diginexESG framework library: the addition of the IFRS S1 and IFRS S2 standards. This recent expansion bring the number of ESG frameworks in our library up to 17 diverse frameworks, reinforcing our commitment to fostering sustainable business practices globally.

The IFRS S1 and S2 standards, developed by the International Sustainability Standards Board (ISSB), are garnering global attention and endorsement:

Organizational Support:

  • Major forums, over 40 esteemed accounting organizations, and various investor and analyst groups have expressed strong support for these standards.

Global Regulatory Recognition:

  • Jurisdictions such as the EU, UK, Canada, Japan, and Singapore are actively considering adopting these standards, underlining their international relevance.

Endorsement by IOSCO:

  • The International Organization of Securities Commissions (IOSCO) endorses these standards as key to fostering sustainable capital markets, highlighting their financial significance.

The International Financial Reporting Standards (IFRS) S1 and S2 significantly enhance the landscape of sustainability reporting. Together, these standards represent a robust toolset for organizations seeking to demonstrate their commitment to sustainable practices and climate responsibility

  • IFRS S1 establishes a comprehensive framework focused on reporting sustainability-related risks and opportunities, allowing organizations to transparently communicate their performance in this vital area.  
  • Complementing this, IFRS S2 is specifically tailored towards climate-related disclosures. It provides a structured approach for businesses to clearly articulate their impact on the climate and their respective response strategies.  

The introduction of IFRS S1 and S2 standards enhances the alignment with the TCFD and SASB frameworks, which are already integrated into the diginexESG library. This alignment offers a comprehensive approach to sustainability reporting, ensuring adherence to global best practices and increasing the relevance and completeness of reports.

By integrating these standards with existing frameworks, we provide our clients with a sophisticated and comprehensive platform for their sustainability reporting needs.

The broad endorsement and growing adoption of the IFRS S1 and S2 standards underscore their essential role in the evolution of sustainability reporting. At diginex, we're committed to leading this change, offering our clients the most advanced tools for effective and coherent ESG reporting.

Stay connected with diginex as we continue to innovate and offer insights into the dynamic world of corporate sustainability.

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About the author:

Markus Selkirk

ESG Framework Specialist

Markus is a specialist in ESG & Sustainability Reporting and at Diginex, uses his passion for sustainability reporting help create the next generation of sustainability reporting software solutions. With sustainability experience gained in academia, industry, and consulting, he has utilized countless sustainability frameworks, standards, and ratings to improve sustainability strategies for companies in a wide variety of industries. Learn more about Markus here.

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