ISSB IFRS S1 & S2
Latest version · S1 & S2 issued Jun 2023; 36+ jurisdictions adopting/aligning by Apr 2026
Indian use case
SEBI BRSR Core under review for ISSB interoperability; BRSR climate annex mooted. Indian listed entities with foreign listings or ADR/GDRs preparing parallel S2 disclosures.
Key points
- Pillars: governance, strategy, risk management, metrics & targets.
- S2 incorporates SASB industry-based metrics.
- Jurisdictional readiness toolkit added Feb 2026.
Sources
Related Indian regulation
- BRSR CoreSEBI
Business Responsibility and Sustainability Report. The Core subset of 49 KPIs requires reasonable assurance per the SEBI phasing schedule. Industry Standards (Dec 2024) by ASSOCHAM/FICCI/CII clarify computation. Value-chain disclosures for the top 250 are voluntary in FY25-26 and assurance is voluntary in FY26-27 (most recent SEBI clarifications).
- RBI Climate DisclosureRBI
Draft framework released Feb 2024 mandating phased climate-related financial risk disclosures aligned with TCFD (now ISSB IFRS S2). Phased applicability begins FY26 onwards.
Cross-walks available
Ask the AI about ISSB S1/S2
Three example questions — every answer cites the corpus.