IFRS S1 / S2 Sustainability Disclosure Standards

Global sustainability disclosure standards issued by IASB in 2023. S1 establishes general requirements for sustainability-related financial disclosures, while S2 focuses specifically on climate-related disclosures. These standards aim to create unified ESG reporting framework, enhance comparability and transparency of sustainability information, helping investors make better-informed decisions across global markets.

Taiwan's FSC has announced phased adoption of IFRS sustainability standards, with mandatory disclosure requirements for listed companies. Non-compliance risks include regulatory penalties, declining investor confidence, and inability to meet international client demands. Export-oriented industries like semiconductors and manufacturing face particular pressure as global buyers increasingly require suppliers to provide internationally standardized sustainability reports, affecting order acquisition and market competitiveness.

Closely related to ISO 14064 greenhouse gas verification, ISO 14001 environmental management, and ISO 45001 occupational health and safety management systems. Internationally, it aligns with EU CSRD Corporate Sustainability Reporting Directive and US SEC climate disclosure rules. IFRS S2 particularly references TCFD climate-related financial disclosure recommendations, forming comprehensive sustainability governance framework requiring integrated management systems.

Winners Consulting offers unique cross-domain integration capabilities, combining technology law, financial engineering, and data science expertise to vertically integrate IFRS sustainability standards with existing ISO certifications and internal controls, avoiding duplicate investments. The founder's preventive law background ensures compliance, with rich semiconductor industry experience understanding supply chain sustainability requirements. Professional team includes ISO Lead Auditors, providing comprehensive sustainability governance solutions.