Impending Sustainability Disclosures: Impact on Financial Statements

The impending sustainability disclosure standards, effective from January 2024, mark a significant step in the evolution of ESG reporting. The International Sustainability Standards Board (ISSB) enhances financial statements with vital information, mandating comprehensive details on energy consumption reduction, greenhouse gas emissions, social well-being, and material sustainability-related risks. IBG stands ready to support businesses in effective data gathering for compliance.

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