Swiss reporting newsletter: latest updates in financial and sustainability reporting

Keeping track of IFRS, CSRD and ESRS developments helps you anticipate changes to your financial statements and sustainability reporting, whether you report under IFRS Accounting Standards, the ESRS or the ISSB standards. Forvis Mazars in Switzerland provides updates on financial and sustainability reporting, with a focus on IFRS as issued by the IASB and Swiss market practice.

IFRS news

IFRS 18: presentation of the statement of profit or loss, the income taxes category and management-defined performance measures

IFRS 16 Leases: lessee measurement, lease liability remeasurements, discount rates, rent concessions and sale and leaseback transactions under IFRS 16 and IFRS 10

IFRS 9 hedge accounting and the related IFRS 7 disclosure requirements

Supplier finance arrangements and reverse factoring under IAS 7 and IFRS 7

IFRS Interpretations Committee agenda decisions

IASB exposure drafts, requests for information and post-implementation reviews of IFRS Accounting Standards

Hyperinflationary economies watch list and IAS 29 Financial Reporting in Hyperinflationary Economies

IFRS Foundation governance and Constitution

CSRD and ESRS news

ESRS and the Voluntary Standard (VS), including revisions and delegated acts

ESRS-40a sustainability reporting standards for non-EU companies with significant operations in the EU

EFRAG exposure drafts, public consultations and technical opinions to the European Commission

EFRAG State of Play reports on sustainability statements prepared under the ESRS

Double Materiality Assessment (DMA) methodology and material topics

Disclosures under the ESRS topical standards, including E1 Climate Change, S1 Own Workforce and G1 Business Conduct

Climate transition plans and decarbonisation targets aligned with a 1.5°C pathway

Interoperability between the ESRS and the ISSB standards (IFRS S1 and IFRS S2)

EFRAG ESRS Knowledge Hub and sustainability reporting resources

ISSB news

IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information

IFRS S2 Climate-related Disclosures

ISSB exposure drafts and consultations, including nature-related disclosures

SASB Standards and their role in applying the ISSB standards

Adoption of the ISSB standards as a global baseline in jurisdictional requirements

Enquiry Form

Publications

CSRD and ESRS news: July-August 2026 edition

IFRS news: July-August 2026 edition

FAQ about Swiss reporting newsletter

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