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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

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The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

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Featured Pathways

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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

More pathways

Book a demo

Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Sustainability Unlocked to your current platform

Featured Content

More featured content

The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

More featured content

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Pricing

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Book a demo

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Introduction to IFRS S1 and S2

Introduction to IFRS S1 and S2

Michelle Horsfield

25 years: Sustainable Finance

In this video, Michelle Horsfield delves into the IFRS’ International Sustainability Standards Board (ISSB) and its significance in the global financial landscape. Michelle starts by explaining the evolution of accounting standards from the 19th century to the standardisation efforts of the International Financial Reporting Standards (IFRS) Foundation. She then delves into the ISSB and covers the key components of the standards S1 (General sustainability requirements) and S2 (climate-specific requirements).

In this video, Michelle Horsfield delves into the IFRS’ International Sustainability Standards Board (ISSB) and its significance in the global financial landscape. Michelle starts by explaining the evolution of accounting standards from the 19th century to the standardisation efforts of the International Financial Reporting Standards (IFRS) Foundation. She then delves into the ISSB and covers the key components of the standards S1 (General sustainability requirements) and S2 (climate-specific requirements).

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Introduction to IFRS S1 and S2

14 mins 9 secs

Overview

Imagine a world where companies transparently disclose their sustainability performance alongside financial data. Such disclosure isn't just a trend; it's becoming essential for investors navigating a rapidly changing global economy. Delving into the intricacies of ISSB's standards, we question how companies can adapt, what resources are available, and why this shift towards transparency is imperative for sustainable investing. Join us to explore the intersection of finance and sustainability, where disclosure isn't just about compliance but about reshaping the future of investments and corporate accountability.

Key learning objectives:

  • Understand the historical context and evolution of accounting standards leading to the emergence of sustainability reporting

  • Understand the structure and key components of ISSB

  • Evaluate the implications of ISSB's standards on financial reporting and investment decisions

  • Outline the practical insights into implementing ISSB's sustainability standards within organisations

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Summary
How did the need for standardised accounting practices evolve historically?

The evolution of accounting standards dates back to the late 19th century when investors sought independent financial reviews due to distrust in company management. The IFRS Foundation established standardised accounting practices, now mandated in over 140 countries, fostering transparency in financial reporting.

What led to the establishment of the International Sustainability Standards Board (ISSB)?

ISSB emerged from the Glasgow climate conference to address the need for standardised sustainability disclosures alongside financial reporting. By aligning with existing frameworks like TCFD and focusing on the connection between sustainability and financial value, ISSB aims to provide investors with comprehensive information for informed decision-making.  

What are the key components of ISSB's general sustainability standards S1 and S2?

S1 covers governance, strategy, risk management, and metrics/targets, aligning with the TCFD framework to provide clear and concise disclosure requirements. Organisations can navigate S1's requirements through a structured approach, focusing on governance processes, strategy alignment, risk management protocols, and measurable metrics/targets S2 focuses on climate-related risks and opportunities, including physical and transition risks, with specific requirements on governance, strategy, risk management, and target metrics.

Implementing S2 requires addressing climate resilience, disclosing scope 3 greenhouse gas emissions, and incorporating carbon pricing in decision-making processes, presenting new challenges for many organisations.

How can organisations navigate the implementation of ISSB's sustainability standards?

Organisations can prioritise disclosures based on materiality assessments and leverage available resources such as materiality matrices and existing reporting frameworks like GRI and ESRS. Organisations should ensure that disclosed information is financially material, readily available, and addresses the most significant uncertainties, fostering transparency and accountability. Most companies are expected to apply ISSB's standards for reporting periods beginning on or after January 1, 2024, with several governments and organisations planning adoption, signalling a global shift towards transparent and sustainable reporting practices.

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Michelle Horsfield

Michelle Horsfield

Michelle Horsfield, an environmental scientist with a climate change specialisation, transitioned into the financial sector four years ago to apply her knowledge to the largest reallocation of capital in history, as the economy moves towards a lower carbon future.

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