The RiskTech Journal article "Navigating IFRS S1 and IFRS S2: A Pathway for Integrated Risk Management and Sustainability" explains the International Sustainability Standards Board's (ISSB) new standards, IFRS S1 and IFRS S2, which are designed to standardize and increase transparency in sustainability-related disclosures. The hosts argue that integrated risk management (IRM) provides a valuable framework for companies to manage the transition to these standards, enabling them to integrate sustainability risks into their overall risk management strategy and achieve compliance in a phased and proportional manner. They also emphasize the importance of aligning disclosure capabilities with risk tolerance and capacity, promoting continuous improvement, and transparent communication of progress. The episode offers practical steps for companies to implement these standards, such as starting with climate disclosures, leveraging existing frameworks, and implementing a phased approach. Ultimately, the article advocates for adopting an IRM approach to sustainability disclosures as a key enabler of ISSB compliance, which will help companies meet regulatory requirements, build investor trust, and enhance long-term value.

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