IFRS Annual Report 2024 and New Sustainability Initiatives: What Professionals Need to Know
The IFRS Foundation Annual Report 2024 underscores the continued evolution of global reporting—both financial and sustainability-related. For accountants, auditors, and finance leaders, understanding these developments is essential to keep statements decision-useful and comparable across jurisdictions.
Key takeaways from the IFRS Foundation Annual Report 2024
- IFRS® Accounting Standards remain the global baseline for transparent, high-quality financial reporting.
- ISSB momentum: continued progress integrating sustainability-related disclosures with financial reporting.
- Capacity building & adoption: emphasis on consistent application and support for jurisdictions and preparers.
➜ Read our summary article: IFRS Foundation Annual Report 2024 – Highlights and Insights.
New development: Jurisdiction consultations on sustainability disclosures
The IFRS Foundation has highlighted jurisdiction consultations related to sustainability-related disclosures. Monitoring these consultations helps professionals anticipate timing, scope, and alignment across markets.
➜ See the official page: Jurisdiction consultations on sustainability-related disclosures (IFRS.org)
Work with the standards—fully annotated
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Links to International Organizations
- IFRS Foundation
- ISSB – International Sustainability Standards Board
- IOSCO – International Organization of Securities Commissions
- World Bank – Corporate Reporting
What this means for finance & accounting teams
- Policy tracking: follow jurisdiction consultations to anticipate disclosure requirements and timing.
- Systems & controls: ensure data, processes, and internal controls can integrate sustainability metrics consistently.
- Training & tooling: equip teams with updated annotated IFRS materials, workshops, and digital resources to apply both financial and sustainability standards effectively.