Why ESG reporting matters
ESG reporting provides stakeholders with information about sustainability-related risks, opportunities, governance practices and organisational performance. Poor reporting can create reputational risk and weaken stakeholder trust.
IFRS S1 and IFRS S2
IFRS S1 focuses on sustainability-related financial disclosures, while IFRS S2 focuses on climate-related disclosures. Executives and boards need to understand how these standards affect governance, data, controls and risk management.
JSE sustainability guidance
The JSE Sustainability Disclosure Guidance provides useful direction for listed companies and other organisations seeking to improve sustainability disclosure quality and comparability.
Board oversight of reporting
Boards should understand whether ESG data is reliable, whether material issues are properly identified, whether reporting processes are controlled and whether assurance may be needed.