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An entity’s system of transforming inputs through its activities into outputs and outcomes that aims to fulfil the entity’s strategic purposes and create value for the entity and hence generate cash flows over the short, medium and long term. IFRS S1 IFRS terms or definitions come from the Official Journal of the European … Read more
The full range of interactions, resources and relationships related to a reporting entity’s business model and the external environment in which it operates. A value chain encompasses the interactions, resources and relationships an entity uses and depends on to create its products or services from conception to delivery, consumption and end-of-life, including interactions, resources and … Read more
Navigating the value chain under CSRD and ESRS Topics hide Navigating the value chain under CSRD and ESRS How to identify the reporting boundaries? Disclosures – General requirements Gain insight into the value chain Understand the ESG data flow for each business process. Value Chain Reporting Requirements Plastic value chain Real life example CSRD art … Read more
ESRS 1 General requirements Topics hide ESRS 1 General requirements Objective 1. Categories of ESRS Standards, reporting areas and drafting conventions 1.1 Categories of ESRS standards 1.2 Reporting areas and minimum content disclosure requirements on policies, actions, targets and metrics 1.3 Drafting conventions 2. Qualitative characteristics of information 3. Double materiality as the basis for … Read more
Use back button from the brower Topics hide Grant-date fair value Equity-settled share-based payment transactions with employees Cash-settled share-based payment transactions with employees Modifications and cancellations of employee share-based payment transactions – Determining whether there is an increase in fair value of share-based payment – Beneficial modifications of service and non-market performance conditions – Modification … Read more
Topics hide Double Materiality Assessment under CSRD – 1 Best Guidance on Implementation Overview Double Materility Assessment Double Materility Assessment – How to do it? Step 1 in Double Materility Assessment – Understand the Context and Define a Strategy for Stakeholder Involvement Step 2 in Double Materility Assessment – Identify Potential Material Topics and their … Read more
Climate-related disclosures as arranged by IFRS S2 affect literally every single company without exception (I mean those issuing reports under IFRS). Yes, I know this is a strong statement, but if you keep reading, you will find out why and how. IFRS S1and IFRS S2 function as one package. They are intertwined, working together and … Read more
Topics hide Key Elements for Corporate ESG-reporting Key elements – Key Elements for Corporate ESG-reporting Terminology Purpose of reporting Company mission, statement of purpose, strategy Board responsibility Non-Executive Directors and oversight Stakeholder dialogue and engagement Audience of the report Integrated reporting Materiality Impact, outcomes and Sustainable Development Goals (SDGs) Timeliness Consistency and comparability Standardized comparable … Read more
Last updated: 7 November 2023 Assets reported in the statement of financial position must not exceed the expected economic benefits they will provide, referred to as the ‘recoverable amount’. If an asset’s recoverable amount falls below its carrying amount, the difference must be recognised in profit or loss (or OCI for revalued assets), known as … Read more
so, what is IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information about? As its title says, it is about the general requirements for disclosure of sustainability-related financial information. As a result, you will not find any specific rules for the disclosures, because IFRS S1 serves as a framework for your reporting. It is … Read more