Swiss reporting newsletter: latest updates in financial and sustainability reporting

Keeping track of developments in IFRS, CSRD, ESRS and ISSB Standards helps you anticipate changes in financial and sustainability reporting. Forvis Mazars in Switzerland provides regular updates on these developments, with a focus on their practical implications and relevance for companies operating and reporting in Switzerland.

IFRS news

IFRS 18 Presentation and Disclosure in Financial Statements: presentation of the statement of profit or loss, classification of income and expenses, management-defined performance measures and related disclosure requirements.

IFRS 16 Leases: lessee measurement, lease liability remeasurements, discount rates, rent concessions, sale and leaseback transactions, and developments arising from the post-implementation review.

IFRS 10 Consolidated Financial Statements: control assessments and reassessment of control.

IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures: hedge accounting and related disclosure requirements.

IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures: supplier finance arrangements and reverse factoring.

IAS 29 Financial Reporting in Hyperinflationary Economies: updates on hyperinflationary economies and related accounting considerations.

IFRS Interpretations Committee: agenda decisions and other application matters.

IASB standard-setting activities: exposure drafts, requests for information and post-implementation reviews.

IFRS Foundation: governance and other relevant developments.

CSRD and ESRS news

Revised ESRS and voluntary sustainability reporting: key developments, simplification measures and implementation updates.

ESRS-40a: developments for certain non-EU undertakings with significant activities in the EU.

EFRAG activities: exposure drafts, public consultations and technical advice.

Double materiality and ESRS implementation: material impacts, risks and opportunities, and topical disclosure requirements.

Climate and transition planning: climate disclosures, transition plans and emission reduction targets.

ESRS and ISSB interoperability: alignment with IFRS S1 and IFRS S2.

EFRAG guidance and resources: implementation guidance and ESRS Knowledge Hub.

ISSB news

IFRS S1 and IFRS S2: implementation, application guidance and adoption across jurisdictions.

Nature-related disclosures: ISSB Exposure Draft and related consultation.

SASB Standards: ongoing enhancements and their role in applying IFRS S1 and IFRS S2.

ISSB global developments: progress towards a global baseline for sustainability-related financial disclosures.

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Publications

CSRD and ESRS news: July-August 2026 edition

IFRS news: July-August 2026 edition

What is the difference between IFRS Accounting Standards and the ISSB standards?

Both are developed within the IFRS Foundation by two independent standard-setting boards. The IASB develops IFRS Accounting Standards, which companies in more than 140 jurisdictions must use for financial reporting. The ISSB develops IFRS Sustainability Disclosure Standards, which give investors decision-useful, globally comparable sustainability-related disclosures.

What is the CSRD?

The Corporate Sustainability Reporting Directive (CSRD) is the EU law requiring companies above a certain size to disclose the risks and opportunities arising from social and environmental issues, and the impact of their activities on people and the environment. Investors and other stakeholders use this information to evaluate sustainability performance.

What is the difference between the CSRD and the ESRS?

The CSRD is the EU directive that sets the sustainability reporting obligation. The ESRS are the standards that companies subject to the CSRD must report according to. EFRAG develops the ESRS in draft form, and the European Commission adopts them through delegated acts.

What is the difference between the ESRS and the ISSB standards?

The ESRS require a double materiality assessment, covering both impact and financial materiality. The ISSB standards focus on the needs of investors and the financial markets. The definition of financial materiality is aligned in both, and the IFRS Foundation and EFRAG have published joint guidance on applying both sets of standards.

What is double materiality?

Double materiality is the materiality principle of the ESRS. It has two dimensions: impact materiality, covering a company's impacts on people and the environment, and financial materiality, covering the risks and opportunities that social and environmental issues create for the company. A matter is material under either dimension or both.

What are IFRS S1 and IFRS S2?

IFRS S1 and IFRS S2 are ISSB standards. IFRS S1 sets general requirements for disclosing sustainability-related risks and opportunities that could reasonably be expected to affect a company's cash flows, access to finance or cost of capital. IFRS S2 covers climate-related risks and opportunities.

Contacts