Good morning and thank you for joining us at this presentation today. In this presentation we are going to outline the key recent developments in reporting and auditing sustainability.
In recent years, sustainability reporting has become increasingly important globally. Stakeholders have demanded high-quality sustainability information that is comparable across jurisdictions.
On 3 November 2021, at the COP26 Conference, the trustees of the IFRS Foundation announced the formation of the International Sustainability Standards Board, known as the ISSB. The remit of the ISSB is to develop standards that will result in a high-quality, comprehensive global baseline of sustainability disclosures focused on the needs of investors and the financial markets.
The ISSB has four key objectives:

• to develop standards for a global baseline of sustainability disclosures;
• to meet the information needs of investors;
• to enable companies to provide comprehensive sustainability information to global capital markets; and
• to facilitate interoperability with disclosures that are jurisdiction-specific and/or aimed at broader stakeholder groups.
  To date, the ISSB has published two sustainability reporting standards.
  The first is IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information. This standard:
• prescribes how companies prepare and report their sustainability financial disclosures, and
• sets out the general requirements for a company to disclose information about its sustainability related risks and opportunities that is useful as making decisions relating to providing resources to the company.