From Risk to Sustainability: Risk Management in Sustainable Development Report (ESG) According to IFRS S1, IFRS S2 Standards

Abstract

Nowadays, the trend of sustainable development is continuously increasing in importance. Risk management is a part of creating stability and security for the organization. Assessing and managing risks that may affect the organization It is an important factor in developing appropriate strategies and being able to respond quickly to changes. Risk management in the context of sustainable development helps reduce potential impacts and create opportunities for sustainable growth. Presenting effective risk management guidelines and strategies helps stakeholders make decisions with more information and confidence. In addition, a study on risk management in the Sustainability Report in accordance with IFRS S1 and IFRS S2 Financial Report Standards, which provides a framework for disclosing risks and opportunities related to sustainability, IFRS S1 General Requirement for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Discloses which plays an important role in promoting corporate sustainability report. Compliance with IFRS S1 and IFRS S2 Financial Report Standards will help to understand the relationship of risk management in Sustainable Development Report, as well as manage risks and take advantage of opportunities that may arise, leading to the development of effective corporate risk management strategies and policies.