In this webinar, ESG and Sustainability Consultant and Trainer Jia Xin Ng explains how IFRS S1 and IFRS S2 are reshaping global sustainability reporting. As these standards gain global adoption, they are becoming the new baseline for sustainability and climate-related disclosures, strengthening the link between sustainability reporting, financial performance, and business strategy.

Key Takeaways

1. IFRS S1 and IFRS S2 as the emerging global baseline:
   IFRS S1 focuses on general sustainability disclosures, while IFRS S2 addresses climate-related disclosures such as carbon accounting and climate scenario analysis.
2. The four pillars of sustainability disclosure: The standards are structured around governance, strategy, risk management, and metrics and targets to integrate sustainability with financial reporting.
3. Focus on financial impact and business performance: Organisations must assess how sustainability risks and opportunities affect their business model, strategy, and financial performance across the short, medium, and long term.
4. Strengthening governance and accountability: Companies are increasingly linking executive remuneration and leadership accountability to ESG performance.
5. Climate risk as a core business risk: Climate-related events can quickly translate into operational, financial, and reputational risks, highlighting the importance of climate risk management and business continuity planning.

As Malaysia adopts IFRS S1 and IFRS S2 under the National Sustainability Reporting Framework (NSRF), organisations will need stronger capabilities in sustainability governance, climate risk assessment, and reporting.

To support this transition, Bernard Business Consulting offers the NSRF Implementation Training Series, designed to help organisations build practical knowledge and skills to implement NSRF effectively. Learn more about the training series by clicking the button below.