Development of Sustainability Disclosure Standards as the IFRS Foundation's new area of activities

Subject. This article investigates the Sustainability Disclosure Standards developed by the IFRS Foundation. Objectives. The article aims to explore the history of creating IFRS S1 and IFRS S2 Sustainability Disclosure Standards as well as analyze their contents. Methods. For the study, I used detailing, generalization, deduction, systematization, description, and comparison. Results. The article identifies the expansion of the powers of the IFRS Foundation that is now engaged in the development of not International Financial Reporting Standards only but Sustainability Disclosure Standards, as well. The article determines the upgraded structure of the IFRS Foundation and reveals the difference between the Sustainability Disclosure Standards and other non-financial reporting standards. Conclusions. Reporting prepared in accordance with the Sustainability Disclosure Standards meet the information requirements of financial market participants. By receiving high-quality and transparent information related to sustainable development, stakeholders can make the most informed investment decisions.