Group 1 - The ISSB has officially released the International Financial Reporting Sustainability Disclosure Standards, marking a significant shift from voluntary to mandatory disclosure requirements for sustainability-related financial information [2] - The ISSB standards will take effect for annual periods beginning on January 1, 2024, but the specific impact on companies will depend on the adoption and enforcement timelines in different jurisdictions [2] - A consultation draft for amendments to IFRS S2 regarding climate-related disclosures was published on April 28, 2025, with a feedback period of 60 days ending on June 27, 2025 [2] Group 2 - The ISSB has identified implementation challenges faced by companies, particularly in disclosing greenhouse gas emissions under IFRS S2, and aims to revise the disclosure requirements to enhance operability without weakening the existing standards [3] - The revisions will focus on optimizing exemption clauses to create a more cost-effective disclosure mechanism while balancing investor information needs and compliance costs for companies [3] - The revisions will particularly impact financial sector companies and those bound by specific jurisdictional requirements related to greenhouse gas measurement methods [6] Group 3 - The amendments to IFRS S2 will include specific requirements for banks and insurance companies to classify counterparties and disclose related financing emissions [5] - Companies will have the autonomy to choose whether to apply the exemption provisions based on their operational circumstances, and this choice will not affect their compliance statements under ISSB standards [6] - The ISSB plans to collect and analyze stakeholder feedback on the consultation draft and aims to complete the revisions to IFRS S2 by the end of 2025 [6]