Dhaka, Feb. 10 -- Adopting International Financial Reporting Standards (IFRS) S1 and S2 marks a pivotal moment for Bangladesh as it aims to enhance sustainability reporting among its corporations. The International Sustainability Standards Board's (ISSB) release of these standards in June 2023 signifies the global shift towards integrating environmental, social, and governance (ESG) factors into financial reporting. The question now arises: Is Bangladesh ready for this transformation?

Understanding IFRS S1 and S2: IFRS S1 outlines general requirements for disclosing sustainability-related financial information, while IFRS S2 focuses specifically on climate-related disclosures. These standards urge organisations to provide insights into s...