Guide enterprises to use ISSB industry guidelines when applying international sustainable disclosure standards
On July 10, 2023, the International Financial Reporting Standards Foundation (hereinafter referred to as the Foundation) released educational materials aimed at helping companies understand the role of the International Sustainability Standards Board industry guidelines (hereinafter referred to as the ISSB industry guidelines, including the Sustainability Accounting Standards Board standards [hereinafter referred to as SASB standards] and the IFRS S2 implementation industry guidelines) in implementing the International Financial Reporting Sustainability Disclosure Standards (hereinafter referred to as the "International Sustainability Disclosure Standards").
The ISSB Industry Guidelines provide practical references for companies to apply international sustainable disclosure standards, which list disclosure themes and related indicators typically applicable to specific industry companies.
This educational material explains the following:
●Specific provisions in the International Sustainable Disclosure Standards that require companies to "reference and evaluate" the applicability of the ISSB industry guidelines;
●Relevant factors that enterprises need to consider when applying the ISSB industry guidelines;
●Enterprises need to disclose the specific situation of their application of ISSB industry guidelines.
The release of this educational material is part of the commitment of the International Sustainability Standards Board (hereinafter referred to as the Board) to support the implementation of the International Sustainability Disclosure Standards, aimed at helping businesses understand how to effectively utilize the ISSB industry guidelines when applying the International Sustainability Disclosure Standards.
On July 3, 2025, the Board of Directors released proposed revisions to several SASB standards to timely support companies in implementing international sustainable disclosure standards and ensure the relevance and applicability of SASB standards.
This educational material can also provide useful background information for stakeholders to review the Draft for Comments on the Proposed Revision of SASB Standards, but it will not affect the proposed revision content, nor will it add or change any provisions of the International Sustainability Disclosure Standards.