Benjamín Ayala, Sustainability Manager at BDOChile wrote an article after the International Sustainability Standards Board (ISSB), arm of the IFRS, launched on June 26 the inaugural standards that aim to help organizations deliver relevant financial information associated with the sustainability of the company, along with risks and opportunities associated with climate change.
The standard requires organizations to report information that may affect cash flow, access to financing or the cost of capital in the short, medium and long term.
“These standards point in the right direction by helping users of financial reports in the different decision-making they make through a comparison of more standard organizations of the information that is currently reported,” concluded Benjamín.
The standard requires organizations to report information that may affect cash flow, access to financing or the cost of capital in the short, medium and long term.
“These standards point in the right direction by helping users of financial reports in the different decision-making they make through a comparison of more standard organizations of the information that is currently reported,” concluded Benjamín.