Reporting Solutions

Integrating IFRS S1 & S2 Standards with SAP SustainaBRIM

Overview Integrate IFRS S1 and S2 standards with SAP SustainaBRIM to streamline sustainability reporting and ensure compliance. This integration supports companies in disclosing sustainability-related risks and opportunities, focusing on governance, strategy, risk management, and climate-related metrics

Key Features

  • Automated Data Collection: Simplifies gathering and analyzing sustainability data.
  • Standardized Reporting: Aligns with global frameworks like GRI and SASB, using IFRS Sustainability Disclosure Taxonomy.
  • Enhanced Transparency: Provides stakeholders with consistent, comparable sustainability disclosures.

Benefits

  • Facilitates compliance with international ESG standards.
  • Enhances transparency and decision-making.
  • Reduces complexity in sustainability reporting.

IFRS S1

IFRS S1 is a new standard from the International Sustainability Standards Board (ISSB) that requires companies to disclose information about their sustainability-related risks and opportunities. This standard focuses on the governance, strategy, and risk management aspects of sustainability, providing a structured framework for companies to report on their environmental, social, and governance (ESG) performance.

IFRS S2

IFRS S2 specifically addresses climate-related disclosures, requiring companies to provide detailed information on how climate-related risks and opportunities affect their financial performance and strategy. This includes metrics related to greenhouse gas emissions, energy consumption, and climate resilience, helping stakeholders understand the company's climate impact and preparedness.

IOSCO

The International Organization of Securities Commissions (IOSCO) has endorsed the IFRS S1 and S2 standards, encouraging its member regulators to incorporate these standards into their national reporting frameworks. This endorsement is aimed at promoting global convergence in sustainability reporting, ensuring that companies worldwide adhere to consistent and transparent reporting practices.

IFRS Sustainability Disclosure Taxonomy

The IFRS Sustainability Disclosure Taxonomy is a digital tool designed to standardize the reporting of sustainability-related financial disclosures. Based on XBRL, this taxonomy supports the seamless integration of sustainability data into financial statements, making it easier for stakeholders to analyze and compare information. The taxonomy aligns with the IFRS accounting standards, ensuring consistency in reporting.

Implementation Security for Capital Market-Oriented Companies

While the introduction of IFRS S1 and S2 standards represents a significant step towards standardized sustainability reporting, the coexistence with other frameworks like ESRS and GRI may increase complexity. Capital market-oriented companies may face challenges in integrating these diverse reporting requirements, potentially leading to increased costs and administrative burdens. However, the alignment of these standards with global frameworks aims to provide greater transparency and consistency in sustainability reporting, ultimately benefiting both companies and investors.

Relevance of IFRS S1 & S2 to SAP SustainaBRIM

Enhanced Reporting Capabilities Integrating IFRS S1 & S2 standards into SAP SustainaBRIM enhances reporting capabilities by providing a structured framework for disclosing sustainability-related risks and opportunities. This alignment ensures comprehensive and consistent ESG reporting, meeting global standards.

Increased Transparency and Compliance SAP SustainaBRIM, combined with the IFRS Sustainability Disclosure Taxonomy, facilitates accurate and transparent sustainability disclosures. This integration supports companies in meeting the stringent requirements set by IOSCO, ensuring that they remain compliant with international reporting standards.

Streamlined Implementation for Capital Market-Oriented Companies The integration of these standards within SAP SustainaBRIM offers capital market-oriented companies a streamlined approach to managing diverse reporting requirements. This reduces complexity and administrative burdens, providing a cohesive solution that aligns with global sustainability goals.

SustainaBRIM Reporting Solutions

  • Tailored Sustainability Reporting SustainaBRIM offers industry-specific solutions, enabling companies to tailor sustainability reporting to meet sector-specific standards, such as GRI, SASB, and IFRS S1 & S2. This customization ensures that organizations can accurately reflect their unique environmental, social, and governance (ESG) challenges and achievements.
  • Comprehensive Data Integration The platform integrates seamlessly with existing ERP and CRM systems, consolidating data across various business functions. This integration provides a unified view of sustainability performance, enhancing decision-making and strategy development.
  • Compliance and Risk Management By incorporating global reporting standards and taxonomies, SustainaBRIM helps businesses ensure compliance with international regulations. It also supports risk management by identifying and mitigating sustainability-related risks, thereby safeguarding company reputation and stakeholder trust.
  • Efficiency in Reporting SustainaBRIM automates data collection and reporting processes, reducing administrative burdens and increasing efficiency. This allows companies to focus more on strategic sustainability initiatives rather than on the logistics of data management.
  • Support for Sustainable Business Models The platform supports the implementation of sustainable business models, such as circular economy practices, renewable energy usage, and carbon footprint reduction strategies. This helps companies align their operations with global sustainability goals and enhance their competitive edge.
  • Enhanced Stakeholder Engagement SustainaBRIM facilitates transparent and consistent communication with stakeholders, including investors, regulators, and customers. By providing detailed sustainability reports and disclosures, companies can build trust and demonstrate their commitment to sustainable practices.
No. Reports Industry   Description
1 Sustainability Compliance Reports All Yes Ensures compliance with global and regional sustainability regulations, including emissions, waste, and resource usage reporting.
2 IFRS Sustainability Reports All Yes Produces financial disclosures aligned with IFRS standards focused on sustainability practices and impacts.
3 Tax Credit and Incentive Reports All Yes Manages and reports on financial incentives received for sustainable practices, such as energy efficiency and renewable energy installations.
4 ESG Performance Reports All Yes Provides detailed analyses on Environmental, Social, and Governance factors, measuring performance and stakeholder alignment.
5 Green Ledger Accounting All Yes Tracks financial transactions related to environmental initiatives, providing detailed internal and external reporting.
6 Carbon Footprint Reports All Yes Calculates and reports the carbon emissions from various business activities, offering insights and mitigation strategies.
7 Water Usage Reports Utilities, Manufacturing, Agriculture Yes Monitors and reports on water efficiency and conservation efforts, crucial for water-intensive industries.
8 Waste Management Reports All Yes Tracks waste production and recycling initiatives, providing compliance and performance reporting.
9 Renewable Energy Reports Energy, Utilities Yes Reports on the usage of renewable energy within the organization, including financial and operational impacts.
10 Sustainable Procurement Reports All Yes Assesses and reports on the sustainability of the supply chain, focusing on procurement practices that meet sustainability goals.
11 Biodiversity Impact Reports Construction, Agriculture, Forestry Yes Assesses the impact of operations on biodiversity, reporting on conservation efforts and mitigation strategies.
12 Energy Footprint Reports All Yes Tracks total energy consumption and efficiency across operations, promoting reductions and transitions to renewable sources.
13 Chemical Footprint Reports Manufacturing, Chemicals Yes Documents chemical use, focusing on managing risks and reducing environmental impacts.
14 Land Use Footprint Reports Agriculture, Real Estate, Forestry Yes Analyzes impacts on land use, including deforestation and habitat disruption.
15 Air Quality Footprint Reports Manufacturing, Energy Yes Measures and reports on air pollutants, supporting initiatives to improve air quality.
16 Noise Footprint Reports Construction, Manufacturing, Transportation Yes Assesses operational noise impacts, focusing on community well-being and compliance with noise regulations.
17 Resource Utilization Footprint Reports All Yes Tracks efficiency in using resources like metals and plastics, aiming to optimize use and increase recycling.
18 Logistics Footprint Reports Transportation, Retail Yes Focuses on environmental impacts of logistics activities, aiming to enhance supply chain sustainability.
19 Digital Footprint Reports Technology, Services Yes Monitors impacts of digital infrastructure, focusing on reducing energy use and managing e-waste.
20 Social Impact Reports All Yes Evaluates the social implications of business practices, including employment, community engagement, and health and safety.
21 Supplier Sustainability Reports All Yes Reviews and reports on the sustainability practices of suppliers, integrating performance into overall ESG scores.
22 Climate Adaptation Reports All Yes Details initiatives and strategies for adapting to climate change impacts, including risk assessments and mitigation plans.
23 Circular Economy Reports Manufacturing, Retail Yes Reports on efforts to implement circular economy practices, reducing waste and enhancing product lifecycle management.
24 Energy Transition Reports Energy, Utilities Yes Tracks the shift from fossil fuels to renewable energy sources, documenting progress and challenges.
25 Green Building Reports Construction, Real Estate Yes Assesses the implementation of green building practices, including energy efficiency, sustainable materials, and building management systems.
26 Human Rights Compliance Reports All Yes Monitors and reports on compliance with international human rights standards, focusing on labor practices and community interactions.
27 Water Risk Reports Utilities, Agriculture, Manufacturing Yes Analyzes risks associated with water scarcity and quality, providing strategies for sustainable water management.
28 Eco-Innovation Reports Technology, Manufacturing Yes Highlights innovations that reduce environmental impacts, improve efficiency, or enhance sustainability.
29 Sustainable Finance Reports Financial Services Yes Details financial products and services designed to support sustainable development, including green bonds and sustainable loans.
30 Product Lifecycle Reports Manufacturing, Retail Yes Reports on the environmental impact throughout the product lifecycle, from design to disposal, aiming for sustainability improvements.
31 Greenhouse Gas Reduction Reports All Yes Provides detailed tracking and reporting on initiatives to reduce greenhouse gas emissions across operations.
32 Eco-labeling Compliance Reports Consumer Goods, Retail Yes Ensures products meet eco-labeling standards and reports on compliance rates, enhancing product transparency and consumer trust.
33 Sustainable Event Reporting Hospitality, Services Yes Details the sustainability practices employed during corporate or public events, focusing on waste reduction, energy efficiency, and sustainable sourcing.
34 Ocean and Marine Sustainability Reports Maritime, Fisheries Yes Focuses on the impact of business activities on marine environments, reporting on pollution control, sustainable fishing practices, and habitat protection.
35 Sustainable Packaging Reports Retail, Consumer Goods Yes Reports on efforts to reduce packaging waste and enhance recyclability, aligning with global reduction targets and consumer expectations.
36 Energy Efficiency Progress Reports Manufacturing, Energy Yes Tracks improvements in energy efficiency across facilities, highlighting successful initiatives and areas for future improvements.
37 Corporate Sustainability Strategy Reports All Yes Provides an overview of the company’s sustainability strategy and progress towards goals, integrating financial and operational perspectives.
38 Biodiversity Financing Reports Construction, Energy, Agriculture Yes Monitors financial investments in biodiversity conservation projects, linking financial performance with ecological impact.
39 Sustainable Agriculture Reports Agriculture, Food & Beverage Yes Documents practices and outcomes in sustainable agriculture, including organic farming, soil health, and water management.
40 Renewable Resource Reports All Yes Details the use of renewable resources in production and operations, including impacts on sustainability goals and cost implications.
41 Ethical Sourcing Reports Manufacturing, Retail Yes Evaluates sourcing practices to ensure ethical standards are met, particularly in global supply chains.
42 Corporate Philanthropy Reports All Yes Reports on charitable activities and their alignment with sustainability goals, showcasing corporate social responsibility.
43 Local Community Engagement Reports All Yes Details initiatives and investments in local communities, focusing on creating sustainable impacts and fostering partnerships.
44 Sustainable Mining Reports Mining Yes Assesses and reports on sustainable practices in mining operations, focusing on reducing environmental impact and enhancing community relations.
45 Water Conservation Achievement Reports Utilities, Agriculture Yes Highlights successful water conservation initiatives, documenting reductions in water use and improvements in water management practices.
46 Green IT Reports Technology Yes Focuses on reducing the environmental footprint of IT operations, including data center efficiency and electronic waste management.
47 Environmental Risk Management Reports All Yes Identifies and reports on potential environmental risks and the effectiveness of mitigation strategies employed by the company.
48 Sustainable Manufacturing Reports Manufacturing Yes Reports on the integration of sustainability into manufacturing processes, including energy use, waste reduction, and sustainable material use.
49 Employee Sustainability Engagement Reports All Yes Tracks employee engagement and participation in sustainability initiatives, reflecting corporate culture and effectiveness of internal communications.
50 Green Financing Reports Financial Services Yes Details the performance and impact of green financing initiatives, such as green bonds and sustainability-linked loans.
51 Pollution Control Reports Manufacturing, Energy Yes Monitors and reports on efforts to control and reduce pollution output, focusing on air, water, and soil quality.
52 Sustainable Energy Deployment Reports Energy Yes Details the deployment of sustainable energy solutions, including solar, wind, and bioenergy, assessing impacts on overall energy strategy.
53 Sustainable Retail Operations Reports Retail Yes Assesses the sustainability of retail operations, from in-store energy management to sustainable merchandising practices.
54 Carbon Sequestration Reports Forestry, Agriculture Yes Reports on carbon capture and storage practices, especially in sectors like forestry and agriculture where sequestration is a significant component of operations.
55 Environmental Stewardship Awards Reports All Yes Documents awards and recognitions received for environmental stewardship, enhancing brand reputation and stakeholder confidence.
56 Green Marketing Reports Consumer Goods, Services Yes Evaluates the effectiveness of green marketing campaigns and their impact on consumer behavior and sales.
57 Sustainable Transport Reports Transportation Yes Tracks the implementation and effects of sustainable transport practices, such as fleet electrification and alternative fuels.
58 Energy Storage Solutions Reports Energy, Utilities Yes Details advancements and performance in energy storage solutions, critical for managing renewable energy sources.
59 Green Procurement Reports Government, Corporate Yes Monitors and evaluates procurement policies that prioritize environmentally friendly products and services.
60 Sustainable Urban Development Reports Real Estate, Construction Yes Reports on the development of sustainable urban projects, focusing on aspects like green spaces, sustainable building materials, and community impact.
61 Eco-Resilience Reports All Yes Analyzes and reports on the organization’s resilience to ecological changes and challenges, including strategies for adaptation and resilience.
62 Sustainable Water Management Reports Utilities, Manufacturing, Agriculture Yes Details practices and outcomes related to sustainable water management, such as recycling and efficient usage initiatives.
63 Eco-Tourism Impact Reports Hospitality, Travel Yes Assesses impacts of eco-tourism initiatives, documenting benefits to local environments and communities.
64 Green Real Estate Development Reports Real Estate Yes Reports on sustainable practices in real estate development, focusing on energy efficiency, material sustainability, and community impact.
65 Renewable Heating Solutions Reports Utilities, Residential Yes Details the implementation and efficiency of renewable heating solutions, such as geothermal and solar thermal systems.
66 Urban Greening Reports Municipal Government, Real Estate Yes Documents initiatives and progress in urban greening projects, such as park developments, green roofs, and vertical gardens.
67 Low-Carbon Transition Reports Energy, Industrial Yes Tracks the transition of operations from high to low carbon methods, detailing investments, outcomes, and future plans.
68 Green Supply Chain Certification Reports Manufacturing, Retail Yes Monitors and verifies green certifications within the supply chain, ensuring suppliers adhere to set environmental standards.
69 Sustainable Fisheries Reports Fisheries, Food & Beverage Yes Provides insights into sustainable fishing practices, stock management, and ecosystem impacts.
70 Environmental Innovation Grants Reports All Yes Tracks grants received for environmental innovation projects, detailing project outcomes and impacts.
71 Clean Air Initiatives Reports Manufacturing, Transportation Yes Reports on initiatives aimed at improving air quality, including emission reductions and investments in clean air technologies.
72 Zero-Waste to Landfill Reports Manufacturing, Retail Yes Details efforts and strategies to achieve zero waste to landfill, reporting on waste diversion rates and recycling initiatives.
73 Green Event Management Reports Corporate, Public Events Yes Assesses the sustainability of event management practices, including materials use, waste management, and energy conservation.
74 Sustainable IT Deployment Reports Technology, Services Yes Details the deployment of sustainable IT practices, focusing on energy-efficient hardware and cloud-based solutions.
75 Climate Finance Tracking Reports Financial Services Yes Monitors and reports on financial investments directed towards climate change mitigation and adaptation projects.
76 Corporate Carbon Neutral Goals Reports All Yes Documents progress towards corporate goals of achieving carbon neutrality, detailing strategies, offsets, and direct reductions.
77 Green Manufacturing Processes Reports Manufacturing Yes Focuses on the implementation of environmentally friendly manufacturing processes, including reductions in energy and material use.
78 Sustainable Aviation Reports Aviation Yes Reports on sustainable practices in the aviation industry, including fuel use, carbon offsets, and innovations in aircraft design.
79 Eco-Labeling Achievements Reports Consumer Goods, Retail Yes Details achievements in obtaining and maintaining eco-labels for products, showcasing commitment to environmental standards.
80 Biodiversity Restoration Reports Construction, Energy, Agriculture Yes Focuses on efforts to restore biodiversity in operational areas, including reforestation and habitat restoration projects.
81 Green Bond Impact Reports Financial Services Yes Reports on the impacts of issued green bonds, including environmental benefits and financial performance.
82 Sustainable Mining Certification Reports Mining Yes Details certifications obtained for sustainable mining practices, ensuring compliance with global standards.
83 Sustainable Procurement Impact Reports Government, Corporate Yes Evaluates the impact of sustainable procurement policies, detailing cost savings and environmental benefits.
84 Energy Conservation Reports All Yes Tracks energy conservation efforts across operations, detailing reductions and cost savings.
85 Green Retail Practices Reports Retail Yes Assesses sustainable practices within retail operations, from product sourcing to customer engagement strategies.
86 Eco-Friendly Product Development Reports Manufacturing, Consumer Goods Yes Details the development of eco-friendly products, including design, material selection, and market response.
87 Corporate Green Initiatives Reports All Yes Documents all corporate initiatives aimed at enhancing environmental sustainability, from internal practices to external collaborations.
88 Sustainable Land Management Reports Agriculture, Real Estate Yes Provides insights into sustainable land management practices, including soil health and land use planning.
89 Environmental Permit Compliance Reports Construction, Industrial Yes Ensures compliance with all environmental permits, detailing adherence to conditions and any remedial actions taken.
90 Green Marketing Effectiveness Reports Consumer Goods, Services Yes Evaluates the effectiveness of green marketing campaigns, analyzing consumer response and sales impact.
91 Eco-Friendly Packaging Innovations Reports Retail, Consumer Goods Yes Highlights innovations in eco-friendly packaging, detailing materials used, consumer reception, and environmental impacts.
92 Corporate Sustainability Policy Reports All Yes Provides a comprehensive overview of corporate sustainability policies, detailing governance, targets, and achievements.
93 Renewable Energy Efficiency Reports Utilities, Industrial Yes Tracks the efficiency of renewable energy installations and operations, providing insights into performance improvements.
94 Water Recycling and Reuse Reports Utilities, Manufacturing Yes Details water recycling and reuse practices, emphasizing conservation and sustainability in water-intensive industries.
95 Environmental Impact Assessment Reports Construction, Energy Yes Provides detailed assessments of environmental impacts for proposed projects, ensuring informed decision-making and compliance.
96 Green IT Initiatives Reports Technology Yes Documents IT initiatives aimed at reducing environmental impact, including virtualization, energy-efficient data centers, and electronic waste management.
97 Sustainable Event Outcomes Reports Hospitality, Services Yes Provides outcomes of sustainable event practices, documenting waste management, energy use, and attendee engagement.
98 Green Procurement Strategies Reports Government, Corporate Yes Details strategies and outcomes of green procurement practices, evaluating supplier compliance and environmental impacts.
99 Sustainable Building Techniques Reports Construction, Real Estate Yes Focuses on sustainable building techniques used in projects, including energy efficiency, material sustainability, and design innovations.
100 Eco-Innovation Patents Reports Technology, Manufacturing Yes Tracks patents filed for eco-innovations, highlighting the company’s role in advancing environmental technologies.