Climate-related risks in financial statements

One of the key challenges facing the IFRS Foundation is to ensure the "connectivity" between financial and sustainability information provided by companies to investors in compliance with the standards of the IASB and the ISSB. Stakeholders expect that the two boards will work together to ensure that the disclosures made in sustainability reports will be reflected as appropriate in financial statements, whether through recognition of certain items, through disclosures or both. The IASB has now begun its work on this key area.