Sosialisasi IAI-PPPK

IFRS Sustainability Disclosures

Standards

Luluk Widyawati, PhD

30 Agustus 2023

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 Disclaimer
The views expressed in this presentation are those of the presenter, not
necessarily those of the Institute of Indonesia Chartered Accountants or
Ikatan Akuntan Indonesia (IAI) and Pusat Pembinaan Profesi Keuangan
(PPPK). This presentation is prepared as a material for discussion of
related issues and does not represent IAI’s and PPPK’s position on this
issue. The position of the IAI and PPPK is only determined after going
through due process procedure and discussion process as required by IAI
and PPPK.

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AGENDA

01 Sustainability Reporting Landscape

02 Overview of IFRS S1 and IFRS S2

03 Cost and Benefit Applying IFRS S1 & S2

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01. Sustainability Reporting Landscape

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 Why Sustainability ?

(Rockström, 2023, Nature)

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 Why Sustainability ?

Source: The Global Sustainable Investment Review 2020

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 Sustainability and ESG
“Meeting the needs of the present without compromising the ability of future
Sustainability generations to meet their own needs” (Brundtland Commission 1987)

Environmental ESG refers to the use of Environmental, Social and Governance factors (criteria)
Social, Governance to assess the sustainability performance of companies (entities) usually in the
context of decision making related to sustainable finance (Robeco 2023)
(ESG)

• Sustainability needs to be measured, reported, and assured.

“what gets measured gets managed”
• An organization can only modify its behavior if the organization has Sustainability Reporting
good quality, trusted information
• A link tying sustainability records to financial aspects of companies

(Pucker, 2021, Harvard Business Review)

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 Sustainability Reporting Challenges
Heightened expectations from all stakeholders point to a new economic development.
Companies should shift their focus from maximizing shareholder value to value creation for all stakeholders to achieve
long-term sustainability.
Company All stakeholders
Investor, employees,
Information disclosure about customers, suppliers,
local communities and
ESG management and performance society at large
is important to bridge the information gaps existing
between companies, investor, and other stakeholders

GREENWASHING remains a challenge faced by companies and all stakeholders

Mislead Represent a threat to the accuracy, Decline in consumer confidence in a Significant reputational damage, as
investors reliability, and transparency company’s brand and products well as financial losses

Disclosure of ESG information alongside financial information is vital for investors and stakeholders to make
informed decisions about a company and its potential long-term performance, its impact on society and society’s
impact on it.
(Lindawati Gani, 2023)
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 Sustainability Reporting Challenges
STANDARDS FRAMEWORKS Issues
Specific rules for ESG High-level guidelines that provide
measurement and disclosure principles and guidance for how
Fragmented standard, with variety of users and their
information should be disclosed
reporting objectives

Confusion among users of sustainability information,

perpetuates inefficiency, increased cost, and lack of trust
1997 2011
Intimidating and overwhelming anyone who want to
2000 grasp the basics
INDICES 2007
Allow investors to track the
performance of a company Leading to
through their ESG reports.
Examples: Dow Jones Sustainability Growing and urgent demand for global standards
Indices (DJSI), FTSE4Good 2010 2015 Need for consistency in reporting and comparable
information
RATINGS Necessary to build a coherent global system of
Agencies that collate information through surveys and other
interconnected corporate reporting
methodologies to gather ESG data from different organisations
Examples: Sustainalytics, Robeco, Bloomberg, MSCI
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 Sustainability Reporting Framework and Standards

2019 2020 2021 Data highlights the lack of consistency and

comparability that persists without
86% harmonized global standards
79% 80%
76%

69%
72%
74%
The use of multiple frameworks & standards
68%
63% 62%
is increasing from 68% to 86% in 2021

49% 48% Usage of SASB Standards and the TCFD Framework

has increased significantly between 2019 and
38%
2021—albeit not to the same extent across all
jurisdictions.
24%

15% GRI and the SDGs remain the most popular

standard/reference framework for reporting on ESG

SASB Standards TCFD GRI Standards SDG Goals Multiple Standards

Recommendation
Survey performed by :
The State of Play: Sustainability Disclosure & Assurance (2023)

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 Assurance of ESG Information around the World
The percentage of companies WHO PROVIDED ASSURANCE
that obtained assurance on Percentage of engagements were conducted by audit firms:
some of their ESG reporting
increased from:

445 of 704 assurance reports 505 of 833 assurance reports 516 of 913 assurance reports
from 645 companies from 741 companies from 818 companies

STATUTORY AUDIT FIRMS ASSURANCE STANDARDS

The six jurisdictions with the largest
The IAASB ISAE 3000 (revised) remained the most
3-year increases are Hong Kong
S.A.R., Italy, Japan, Singapore,
70% of 516 widely used standard for ESG assurance engagements:
Turkey, and the United Kingdom, ESG assurance reports reviewed in
while Hong Kong S.A.R., Japan, and 2021 provided by audit firms were
the U.K. posted the largest single- from the same firms as the
year increases in 2021. statutory audit provider for the
same reporting entity But, in September 2022, IAASB approved a project
proposal to develop ISSA 5000.

Survey performed by :
The State of Play: Sustainability Disclosure & Assurance (2023)

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 Scope of Reporting and Assurance around the World

GHG Other Social Governance All Topics

Environmental

REPORTING
Most companies reported some information on
GHG, other environmental, social, and governance 2021 97% 99% 100% 100% 96%
sustainability matters. The percentage of
companies who provided information in all four of
these ESG categories examined increased to 96% 2020 92% 98% 96% 95% 89%

ASSURANCE
Companies who obtained assurance still focused
primarily on GHG data, but the scope of
2021 94% 82% 74% 56% 53%
information being assured increased. 53% of
companies obtained assurance on information in
all four of the ESG categories.
2020 95% 78% 68% 43% 43%

Survey performed by :
The State of Play: Sustainability Disclosure & Assurance (2023)

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Reporting Landscape in Indonesia
Sustainability Disclosure

Since 2020, 100% companies in Indonesia

reported ESG information. They tend to use
annual report than stand-alone sustainability
report to disclose their ESG information.
Indonesia is the highest use of annual report,
globally, in 2021.

The use of GRI Standards for reporting and SDG

Goals as reference are increasing.

Survey performed by :
The State of Play: Sustainability Disclosure & Assurance (2023)

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Reporting Landscape in Indonesia
Sustainability Assurance

Assurance on ESG data in Indonesian’s

companies are increasing
The number of assurance engagements
performed by firms continues to grow.
Indonesian’s audit firm market share in 2019-
2021 increase 17% in 2021

Survey performed by :
The State of Play: Sustainability Disclosure & Assurance (2023)

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 Endorses

Influence IFRS S1 & S2 Complement

(26 June 2023)
Influence
Take over
monitoring
(from 2024)
ISSB
International Influence
Sustainability Standards
Board (2021) (for EU companies
issued 31 July 2023)

Consolidates
Development of
Sustainability
Standard and Establishes Consolidates

Framework
(Information as of 30 August 2023) 15
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 Sustainability | Regulation, Standard, and Framework
TCFD
POJK 51/2017 GRI Standards ISSB Standards ESRS Standards
Framework
European Union
Jurisdiction Indonesia International International International (Part of EU CSRD Regulation)

All Companies and All Companies and All Companies and • Large companies
Applicability Public companies,
• Listed companies
Financial Services organizations organizations organizations
• Non-EU parent companies with
Institutions and Issuers significant operation in EU

Sustainable finance. Sustainability Financial pillar Financial pillar which Double Materiality, which
Focus Create sustainable which addresses addresses sustainability-
(Impact) pillar means both financial and
economic growth by which addresses a climate change related financial impacts impact pillar. Both the impact
aligning economic and company’s external related financial on company. Enhanced on stakeholders as well as the
social interests with the impacts on society impacts on detail and scope than TCFD ESG issues creating financial
environment. and the company. and embed industry-based risks and opportunities for the
environment. approaches company.

Companies are required  Universal  Governance Currently available:

Requirement to submit:  Strategy
 Four reporting areas:
Standards  IFRS S1 – General Governance; Strategy;
 Sustainable Finance  Sector  Risk requirements Impact, risk and opportunity
Action Plan Standards management  IFRS S2 – Climate-related management; Metrics and
 Sustainability report  Topic Standards  Targets and disclosures targets
in accordance to metrics Main structure similar to  Three reporting layers:
POJK 51 TCFD. Build on SASB sector-agnostic; sector-
requirements industry-specific metrics specific-; company specific
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 Building Block Approach

Sustainability reporting (broader multi-stakeholder focus) Jurisdictional initiatives

Reporting on all sustainability matters that reflect significant positive and/or GRI
or negative impacts on people, the environment and the economy

Sustainability-related financial disclosures (investor focus) ISSB

Reporting on those sustainability-related matters that may reasonably
create or erode enterprise value over the short, medium and long term

IASB (140+
Financial reporting (investor focus) countries)
Reflected in monetary amounts in the
financial statements Other GAAP
(eg FASB) Integrated Reporting

Source: https://www.ifrs.org/content/dam/ifrs/meetings/2022/may/eeg/ap1-issb-eds.pdf

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 Compatibility between IFRS Accounting Standards &
IFRS Sustainability Disclosure Standards
International
IFRS Financial
Accounting Standards
Accounting statements
Board
Standards
(IASB) * Investors
and other capital
International IFRS market participants
Sustainability Sustainability Sustainability
Standards Board Disclosure disclosures
(ISSB) * Standards

• Integrated Reporting Council to advise IASB and ISSB on connectivity via fundamental concepts / guiding principles of integrated
reporting

• IFRS Sustainability Disclosure Standards compatible with IFRS Accounting Standards or other GAAP to meet investor needs
Source: https://www.ifrs.org/content/dam/ifrs/meetings/2022/may/eeg/ap1-issb-eds.pdf
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02. Overview of IFRS S1 and IFRS S2

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 How We Get Here?

Sept 2020 Apr 2021 Feb 2022 Ags 2022 June 2023
IFRS Foundation issued IFRS Foundation issued CDSB consolidation SASB & IIRC ISSB issued final
Consultation Paper Proposed Amendments to to ISSB Consolidation to ISSB standard
Demand for sustainability standard IFRS Foundation Constitution IFRS S1 S2
board under IFRS Foundation Proposed due process procedure
governance structure, etc ISSB etc

Mar 2021 Nov 2021 Mar 2022 Oct 2022

IFRS Foundation formed ISSB establishment • ISSB issued G20 Leader's
Technical Readiness and publication of Exposure Draft Bali Declaration
Working Group prototype IFRS S1 S2
Member: CDSB, SASB, IIRC, • MoU with GRI
TCFD, IOSCO

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ISSB Standard Setting Procedure

• Highly regarded, inclusive and transparent due

process
• Enables stakeholders all over the world to
contribute and scrutinise the standard-setting
process.
• Comprehensive global baseline of sustainability-
related disclosures
• Build on existing sustainability frameworks

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 IFRS S1: General Requirements for Disclosure of
Sustainability-related Financial Information
Objective
require an entity to disclose information about its sustainability-related risks
and opportunities that is useful to primary users* of general-purpose financial
reports in making decisions relating to providing resources to the entity.

IFRS S1 builds on concepts from the Integrated Reporting Framework, which

helps a company articulate how it uses and affects resources and relationships
for creating, preserving and eroding value over time.

Company will be better placed to explain to its investors how it is working within
its business model and value chain to manage the sustainability-related risks
and opportunities that can affect its performance and ability to deliver financial
value for investors over the short, medium and long term.

Effective Date: 1 January 2024 with earlier application permitted

*existing and potential investors, lenders and other creditors

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Supporting Materials

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 IFRS S1
Linked to Financial Statement
Materiality
Information is material if omitting, misstating or obscuring that information could reasonably be
Financial expected to influence decisions that the primary users* of general-purpose financial reports
make on the basis of those reports, which provide information about a specific reporting entity.
statements
Reporting Entity
Sustainability-related financial disclosures shall be for the same reporting entity as the related
financial statements (e.g., parent & its subsidiaries as a single reporting entity).

Timing
Financial statements and sustainability disclosures published at the same time, but with
Sustainability transitional relief in the first year of reporting
disclosures
Location
• Required to disclose as part of its general-purpose financial reports.
• Does not specify a location for disclosure within general purpose financial reports and
allows for additional information, to facilitate application in different jurisdictions

Qualitative characteristics of useful sustainability-related financial information

Relevance, faithful representation, comparable, verifiable, timely and understandable.

*existing and potential investors, lenders and other creditors

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MAIN CONCEPT IN IFRS S1
Disclosure requirements

Information disclosed should reasonably be expected CORE CONTENT

to affect the company’s prospects, particularly current
and anticipated financial effects. Governance Strategy
The governance processes, The approach for managing
This standards use the same definition of ‘material’ as controls and procedures the sustainability-related risks and
IFRS Accounting Standards to ensure that the information company uses to monitor, manage opportunities that could affect the
provided is focused on that necessary to inform investor and oversee sustainability-related company’s prospects, business
decisions. risks and opportunities model and value chain
“Information is material if omitting, misstating or
obscuring that information could reasonably be
expected to influence decisions that the primary users* Risk Management Metrics and Targets
of general-purpose financial reports make on the basis The processes the company uses Information used to measure and
of those reports, which provide information about a to identify, assess, prioritise and monitor the company’s performance
specific reporting entity.” monitor sustainability-related risks in relation to sustainability-related
and opportunities risks and opportunities, including
*existing and potential investors, lenders and other creditors progress towards any company-set
and mandated targets.

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MAIN CONCEPT IN IFRS S1
Identification of sustainability-related risks and opportunities

To identify sustainability-related risks and opportunities to report on, a company applying IFRS S1 and:

CDSB Framework
SASB Standards
Application Guidance

European Sustainability
GRI Standards Reporting Standards
(ESRS)

Reasonable and supportable information

An entity shall use all reasonable and supportable information that is available to the entity at the reporting date without undue
cost or effort.

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MAIN CONCEPT IN IFRS S1
Compliance

Statement of Compliance
An entityFinancial
that complies with all of the requirements of the IFRS Sustainability Disclosure Standards is required to include an explicit
statements
and unqualified statement of compliance to that effect.

Jurisdictional Limitation
Where local laws or regulations prohibit an entity from disclosing information required by an IFRS Sustainability Disclosure Standard,
an entity is permitted to not disclose that information.

Commercially Sensitive Information

FRS S1 also permits entities, in limited circumstances, to omit information about a sustainability-related opportunity that is
otherwise required by an IFRS Sustainability Disclosure Standard if that information is commercially sensitive. The exemption does
not applicable to sustainability-related risks. The provisions need to be considered for exemption:
(a) information about the sustainability-related opportunity is not already publicly available;
(b) disclosure of that information could reasonably be expected to prejudice seriously the economic benefits the entity would otherwise be able to
realise in pursuing the opportunity; and
(c) the entity has determined that it is impossible to disclose that information in a manner—for example, at an aggregated level—that would enable
the entity to meet the objectives of the disclosure requirements without prejudicing seriously the economic benefits the entity would otherwise be
able to realise in pursuing the opportunity.

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 Effective Date and Transition for IFRS S1
Effective Date
Apply Standard for annual reporting
periods beginning on or after
1 January 2024
2025 2026

Q1 Q2 Q3 Q1

E.g., Financial If entity is required to provide If entity is voluntary provide interim Report Sustainability-related
Statement per interim report. Entity shall report at report. Entity shall report at the same financial disclosures per 31 Dec
31 Dec 2024 the same time: time: 2025 with no disclose comparative
issued 1. Sustainability-related financial 1. Sustainability-related financial information about its
disclosures per 31 Dec 2024 disclosures per 31 Dec 2024 sustainability-related risks and
2. Interim report per June 2024 2. Interim report per Sep 2024 opportunities, other than its
climate-related risks and
If entity is not required to and does not
In the first year, sustainability-related financial opportunities.
voluntarily provide an interim report,
disclosures are reported with: entity shall report sustainability-related
- No comparative information financial disclosures per 31 Dec 2024
- Report only climate-related risks and opportunities within 9 months

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IFRS S2: Climate-related Disclosures
Objective

Require an entity to disclose information about its climate-related risks and

opportunities that is useful to primary users* of general-purpose financial
reports in making decisions relating to providing resources to the entity.

In preparing and disclosing climate-related information in accordance with IFRS

S2, a company is required also to apply IFRS S1

Sets out relevant requirements such as the timing of the reporting, the
need to apply assumptions that are consistent with the financial
statements to the extent possible, how to disaggregate information and
the required characteristics of the information.

Effective Date: 1 January 2024 with earlier application permitted

*existing and potential investors, lenders and other creditors

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Supporting Materials

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MAIN CONCEPT IN IFRS S2
Disclosure requirements

Governance Strategy Risk management Metrics and targets

Requires disclosure of Requires a company to Requires a company to Requires a company to
material information about disclose material information disclose material information disclose metrics
the governance processes, about the company’s strategy about the processes the and targets to enable
controls and procedures a for managing climate-related company uses to identify, investors to understand the
company uses to monitor, risks and opportunities. assess, prioritise and company’s performance in
manage and oversee climate- IFRS S2 also requires a monitor climate-related risks relation to its material
related risks and company to use climate- and opportunities climate-related risks and
opportunities related scenario analysis to opportunities
inform its disclosures about These metrics and targets
its resilience to climate include disclosure of
change. a company’s absolute GHG
emissions, expressed as CO2e
and calculated using the GHG
Protocol Corporate Standard.

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 IFRS S2 Needs to be Applied with IFRS S1
IFRS S1:
Establishes key concepts such as connected information, value chains, and which sustainability- and climate-related risks and
opportunities to report on

Provides vital guidance on the assessment of materiality

Sets out the qualitative characteristics of the information to be provided, eg that it needs to be relevant and
represented faithfully

Sets out requirements for reporting, such as:

• the reporting entity
• timing and location of reporting
• connections and comparatives in reporting

Sets out how to deal with changes in estimates and errors, disclosures on judgements, assumptions and estimates,
requirements on when to aggregate and disaggregate information, focussed exemptions from disclosing commercially sensitive
opportunities, and the interaction with law and regulation

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 Strategy and Decision-Making
The effects of climate-related risks and opportunities on a company’s strategy and decision-making

How the company has

How the company is
responded to, and plans The company’s progress
resourcing, and planning
to respond to, climate- against previously
to resource, these plans
related risks and reported plans
and activities
opportunities

Includes disclosures on
any transition plan the
company has and plans
to achieve its targets

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MAIN CONCEPT IN IFRS S2
Climate-related risks and opportunities

Climate-related risks refers to the potential negative effects of climate change on an entity. These risks are
categorised as climate-related physical risks and climate-related transition risks.
Climate-related physical risks
Physical risks resulting from climate change that can be event-driven (acute physical risk) or from longer-term shifts in climatic patterns (chronic
physical risk). These risks could carry financial implications for an entity, such as costs resulting from direct damage to assets or indirect effects of
supply-chain disruption
Climate-related transition risks
Risks that arise from efforts to transition to a lower-carbon economy. Transition risks include policy, legal, technological, market and reputational
risks. These risks could carry financial implications for an entity, such as increased operating costs or asset impairment due to new or amended
climate-related regulations

Climate-related opportunities refers to the potential positive effects arising from climate change for an entity.
Efforts to mitigate and adapt to climate change can produce climate-related opportunities for an entity.

Climate resilience involves the capacity to manage climate-related risks and benefit from climate-related
opportunities, including the ability to respond and adapt to climate-related transition risks and climate-related
physical risks.
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 Current and anticipated financial effects
The effects of climate-related risks and opportunities on a company’s current and anticipated financial
performance, financial position and cash flows

A company is required to disclose both quantitative and qualitative information. The quantitative information may be a single
1 amount or a range

A company can provide qualitative rather than quantitative information when:

2
• Not separately identifiable;
• There is a high level of measurement uncertainty; or
• For anticipated effects, this is not commensurate with the company’s skills, expertise and resources

A company who provide qualitative information shall:

3 • explain why it has not provided quantitative information
• provide qualitative information about those financial effects, including identifying line items, totals and subtotals within the
related financial statements that are likely to be affected, or have been affected, by that climate-related risk or opportunity;
or
• provide quantitative information about the combined financial effects of that climate-related risk or opportunity with other
climate-related risks or opportunities and other factors unless the entity determines that quantitative information about the
combined financial effects would not be useful.

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MAIN CONCEPT IN IFRS S2
GHG Emissions

Scope 1: Direct emissions

which occur from sources that are
owned or controlled by the
company.

Scope 2: Energy indirect emissions

which accounts for the generation
of purchased electricity that is
consumed by the company.

Scope 3: Other indirect emissions

(not included in Scope 2) and are a
consequence of activities that occur
outside the ownership or control of
the company (upstream and
downstream).

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 Effective Date and Transition
IFRS S2
Effective Date
Apply Standard for annual reporting
periods beginning on or after
1 January 2024
2025 Subsequent Period

Entity report with: Continue to use that relief for the

• If, in the annual reporting period purposes of presenting that information
immediately preceding the date of initial as comparative information in
application of this Standard, the entity subsequent reporting periods
used a method other than the GHG
In the first year, climate-related disclosures Protocol (2004), the entity is permitted to
are reported with: continue using that other method
- No comparative information • an entity is not required to disclose its
- Report only climate-related risks and Scope 3 GHG emissions
opportunities

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TRANSITION RELIEFS

Use of reasonable and supportable information Relief

1 3
The ISSB introduced the concept of ‘reasonable 1. In the first year, company permits to report its
and supportable information that is available at sustainability-related financial disclosures after the
the reporting date without undue cost or effort.’ publication of its financial statements
2. Relief to provide comparative information in the first
annual reporting period
Quantitative test 3. Allow company to report on only climate-related risks and
2
Companies can provide qualitative information opportunities in the first year
about the current and anticipated effects of 4. Exemption from the requirement to disclose information
sustainability-related risks and opportunities about Scope 3 GHG emissions in the first year
Additionally, a company need not provide 5. Relief from applying the GHG Protocol Corporate
quantitative information about anticipated financial Standard, in specific circumstances
effects if the company does not have the skills, 6. Relief from reassessing the scope of a company’s value
capabilities and resources to provide that chain and the categories included in the measurement of
quantitative information. the company’s Scope 3 GHG emissions
7. Relief to measure its GHG emissions using information for
reporting periods that are different from the company’s
own reporting period.
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03. Costs and Benefits
Applying IFRS S1 & S2

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 Expected Benefits Adopting IFRS S1 & S2
Although companies will incur costs related to the implementation and ongoing application of IFRS S1 and IFRS S2, many respondents to
the exposure drafts, including most investors, indicated that the benefits are likely to outweigh the costs.

Companies Investors

Improve data quality in the value Improve access to capital The right investment decision for Greater consistency,
chain of a reporting company and reduce cost of capital investor as long as the quality of comparability and
reporting information is adequate verifiability of
A link tying companies with better sustainability records to and has added value. disclosures
better equity returns would emerge
Avoid inefficiencies of manual data collection, management
Communicating with Increase company's ESG and analysis of sustainability-related financial disclosures
stakeholders, improving performance by achieving
reputation, and justifying operational efficiency
validity in society

Providing a framework for strategic review of the business model

and supporting better performance and longer-term value
Source: https://www.ifrs.org/content/dam/ifrs/project/general-sustainability-
creation. related-disclosures/effects-analysis.pdf

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 Likely Costs of Applying IFRS S1 and IFRS S2
These costs might be new for many first-time preparers of sustainability-related financial disclosures. However, ongoing costs were
likely to decrease over time, as preparers set up systems and become familiar with the disclosure requirements.

Companies Investors

Recruiting additional staff or acquiring necessary expertise, to Investors might face costs to establish or modify internal
source the appropriate talent to manage data collection and systems, data collection or data analysis processes
disclosure processes, which increase personnel cost

Establishing or modifying Changing data collection and

internal systems analysis

Producing or modifying Developing and implementing

production of reported systems for reporting and internal
information controls on data

Source: https://www.ifrs.org/content/dam/ifrs/project/general-sustainability-related-disclosures/effects-analysis.pdf

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 Preparation for Adoption of IFRS Sustainability Disclosure Standards

1 Review the ISSB’s standards and source of guidance

2 Structuring sustainability within the organization

Management Body Organizational Structure Risk Appetite Reporting

3 Established processes and controls for data

4 Sustainability communication to engage sustainability mindset and corporate culture

Source: Ikatan Akuntan Indonesia (2023)

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ACCESS THE STANDARDS

https://bit.ly/IAI-IFRS-S1-S2
Supporting Materials:
• Basis for Conclusions on IFRS S1—summarises the ISSB’s
considerations in developing the requirements in IFRS S1
• Basis for Conclusions on IFRS S2—summarises the ISSB’s
considerations in developing the requirements in IFRS S2
• Effects Analysis on IFRS S1 and IFRS S2—describes the
likely benefits and costs of IFRS S1 and IFRS S2
• Project Summary of IFRS S1 and IFRS S2—provides an
overview of the project to develop IFRS S1 and IFRS S2
• Feedback Statement for IFRS S1 and IFRS S2—summarises
feedback on the proposals that preceded IFRS S1 and IFRS
S2 and the ISSB’s response
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IKATAN AKUNTAN INDONESIA

Grha Akuntan, Jl. Sindanglaya No. 1 Menteng,
DKI Jakarta
www.iaiglobal.or.id

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