IFRSSustainabilityJune 2023Effects AnalysisIFRS Sustainability Disclosure StandardsIFRS S1 General Requirements for Disclosure of Sustainability-related Financial InformationIFRS S2 Climate-related DisclosuresIFRS S2 Climate-related Disclosures.What is the purpose of this Effects Analysis?Sustainability Standards Board (ISSB)gains insight into the likely effects of new IFRS Sustainability Disclosure Standards through its exposure of proposals tostakeholders and through its analysis and consultafion with them.This document describes the ISSB's considerations of the effects of IFRS S1 and IFRS S2.BackgroundThe ISSB was created to develop standards that will establish a comprehensive global baseline of sustainability-related financial disclosures for capital markets.IFRS S1 and IFRS S2 are the first two IFRS Sustainability Disclosure Standards developed by the ISSB.standards used to prepare financial statements,including IFRS Acoounting Standards.The ISSB does not have the right to mandate the application of IFRS Sustainability Disclosure Standads.Companies can choose to apply them.Glossary