IFRS Talks - PwC's Global IFRS podcast March 2025: Speaking sustainability
Apr 3, 2025
In this engaging discussion, Katie Woods from PwC’s Global CRS Sustainability Reporting team shares insights into the dynamic world of sustainability reporting. She breaks down double materiality, emphasizing the crucial distinctions between impact and financial aspects. The conversation also highlights the integration of sustainability and financial reporting, urging for interconnectedness under evolving standards. Moreover, Katie introduces valuable resources and tools for navigating the complex landscape of sustainability disclosures, ensuring listeners stay ahead in compliance and relevance.
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SRG Guides Evolving Standards
- The PwC Sustainability Reporting Guide (SRG) provides comprehensive guidance on major global sustainability reporting standards.
- It is continuously updated to reflect evolving sustainability reporting practices and standards application.
SRG Covers Key Sustainability Frameworks
- The SRG covers European (ESRS) and International (ISSB) sustainability standards plus extraterritorial US rules.
- ESRS focuses on double materiality across environment, social, and governance, while ISSB emphasizes investor-focused financial materiality largely through two standards.
Double vs Financial Materiality
- ESRS requires a 'double materiality' assessment covering impact on stakeholders and financial effects on the entity.
- ISSB standards prioritize financial materiality focused on investors and the entity’s financial prospects.