By early 2025, the IFRS Sustainability Standards marking their first full year of effect since January 2024 have shown measurable impact in unifying global CSR reporting. The standards consolidate various existing frameworks such as SASB, TCFD, and integrate guidance aligned with EU CSRD and GRI standards, facilitating broader adoption and comparability across sectors and regions. A survey conducted by the IFRS Foundation indicates increasing investor and asset manager expectations for portfolio companies to align with IFRS sustainability disclosure standards, reinforcing market demand for transparent CSR data. Jurisdictions including Canada, Brazil, Australia, Japan, and others are actively incorporating these standards into regulation and market practices. The IFRS Foundation continues to prioritize developing training, guidance, and outreach to support companies reporting under these standards and to address emerging sustainability topics like biodiversity and human rights throughout 2025 and beyond.
For a detailed progress recap, see: Read One Year into IFRS Sustainability Standards.
