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Finance and the journey to climate-related reporting
Climate reporting poses significant challenges as well as opportunities for reporting entities. Finance professionals are uniquely positioned to support the transition to mandatory climate-related reporting. This publication outlines how finance can help connect climate disclosures with financial statements, strengthen assurance readiness and inform decision-making.
Learn more by accessing the link here.
Applying IFRS: A closer look at IFRS 18 (Updated July 2025)
IFRS 18 is effective for reporting periods beginning on or after 1 January 2027. While much of IAS 1 will be carried forward to the new standard with only limited wording changes, IFRS 18 introduces several new requirements that are expected to impact the presentation and disclosure of most, if not all, entities.
Learn more by accessing the link here.
Introduction to IFRS S1 and IFRS S2 Updated June 2025
IFRS S1 outlines the overarching requirements for a comprehensive set of sustainability-related financial disclosures. It is intended to be used alongside IFRS S2, which focuses specifically on climate-related reporting. This June 2025 edition has been updated to provide additional guidance on the disclosure requirements set out by the ISSB standards.
Amendments to IFRS 9 for nature-dependent electricity contracts
In December 2024, the IASB issued amendments to IFRS 9 and IFRS 7—Contracts Referencing Nature-dependent Electricity. These changes affect the 'own-use' and hedge accounting provisions under IFRS 9, as well as disclosure requirements under IFRS 7.
For further insights, refer to the video in which EY professionals explore the recent updates.
IFRS 9 amendments - derecognition of financial assets and liabilities
The amendments introduce an accounting policy choice (if specific conditions are met) to derecognise financial liabilities settled using an electronic payment system, before the settlement date. The amendments are effective for annual periods starting on or after 1 January 2026.
For further insights, refer to the video in which a panel of EY professionals discusses the potential changes.
Good Group illustrative financial statements
These illustrative financial statements are prepared in accordance with IFRS issued as at 30 June 2025 and effective for annual periods beginning on 1 January 2025.
Access the publication here.