We are pleased to announce a significant milestone in our commitment to advancing ESG reporting. Convene ESG has officially entered into a licensing agreement with the International Financial Reporting Standards (IFRS) Foundation, allowing us to integrate IFRS Sustainability Disclosure Standards into our platform.

With this agreement, Convene ESG is now licensed to incorporate Level II IFRS Sustainability Disclosure Standards, including the SASB Standards, IFRS S1, and IFRS S2.

This positions Convene ESG at the forefront of ESG reporting, providing companies with structured data files that include SASB Standards Disclosure Topics, Materiality Map Topics and Metrics, and IFRS S1 & S2 Standards Disclosure Requirements and Concepts.

Empowering Businesses with Globally Recognised ESG Standards

As regulations continue to evolve, companies need comprehensive, reliable, and globally aligned reporting platforms. The integration of IFRS 1 and IFRS 2 within Convene ESG ensures that businesses can confidently disclose sustainability performance, efforts, and risks in line with international standards.

  • IFRS S1 (General Requirements for Sustainability-related Financial Disclosures): Provides guidelines for companies to disclose sustainability-related risks and opportunities that could influence their financial performance.
  • IFRS S2 (Climate-related Disclosures): Outlines specific climate-related disclosure requirements, building upon the Task Force on Climate-related Financial Disclosures (TCFD) framework.
  • SASB Standards: In addition to IFRS S1 and S2, the IFRS Foundation now manages the Sustainability Accounting Standards Board (SASB) Standards. The SASB Standards provide industry-specific sustainability disclosure guidance.

The IFRS Foundation is an internationally recognised organisation that sets financial and sustainability reporting standards to enhance transparency, accountability, and efficiency in global markets. As part of its sustainability efforts, it oversees the International Sustainability Standards Board (ISSB), which developed IFRS S1 and IFRS S2 to establish a global baseline for sustainability-related disclosures across regions and industries.

How the IFRS Licensing Enhances Convene ESG

By securing this partnership, Convene ESG reinforces its position as a leading sustainability reporting software provider. This integration allows businesses to stay ahead in an evolving regulatory landscape by integrating structured data files from IFRS — ensuring that ESG data remains accurate, up-to-date, and aligned with global standards.

Additionally, seamless access to SASB Standards Disclosure Topics, Materiality Map Topics, and key IFRS S1 and S2 concepts simplifies sustainability reporting, allowing organisations to future-proof their disclosures with confidence.

“By integrating IFRS S1, IFRS S2, and SASB Standards into Convene ESG, we are taking a forward-thinking approach to sustainability reporting,” said Michael Yap, CEO of Azeus, the company behind Convene ESG. “Our goal is to empower organisations with the tools they need to meet regulatory requirements, enhance investor confidence, and future-proof their ESG strategies in an evolving global landscape.”

Shaping the Future of ESG Reporting

Our partnership with the IFRS Foundation marks a transformational step in advancing ESG reporting. This agreement underscores Convene ESG’s commitment to equipping businesses with cutting-edge tools for transparent, standardised, and globally recognised sustainability reporting.

Learn more about how Convene ESG can support your sustainability reporting needs at conveneesg.com.