Harnessing the Power of AI for Sustainability Risk Management: Bridging IFRS S1, S2, and Athena
a calendar icon
June 28, 2023
min read

Harnessing the Power of AI for Sustainability Risk Management: Bridging IFRS S1, S2, and Athena

Discover how 15Rock's advanced AI platform, Athena, can help investment firms seamlessly adapt to the new IFRS standards..

In the evolving landscape of corporate sustainability, impending international standards for sustainability and risk reporting are set to revolutionize the world of investment management. The International Sustainability Standards Board (ISSB) recently unveiled its new disclosure framework, consisting of the much-anticipated IFRS S1 and S2 standards. These new standards are expected to drive a global shift in the way companies assess, manage, and disclose sustainability-related risks and opportunities.

As an investment firm, navigating these new waters can seem protracted. However, with the right tools, such as our AI reporting solution, Athena, this potentially convoluted journey can become a seamless transition into the new age of sustainability.

Understanding the IFRS S1 and S2 Standards

The IFRS S1 standards provide a holistic view of how to communicate sustainability-related risks and opportunities to investors over the short, medium, and long term. The IFRS S2 suite offers specific climate-related disclosures, seamlessly integrating with IFRS S1. Both the newly introduced standards incorporate recommendations from the Task Force on Climate-related Financial Disclosures (TCFD), ensuring a global baseline for sustainability disclosures.

Navigating the New Sustainability Landscape with Athena

As an innovative AI reporting platform, Athena is designed to meet the ever-evolving demands of sustainable business intelligence. With the ability to integrate environmental risks into financial assessments, Athena accommodates hundreds of climate scenarios backed by machine learning and AI technologies.

As we all know, the effective management of sustainability risks and opportunities are no longer just about compliance, but increasingly about strategic advantage. Athena's prowess in generating TCFD-compliant reports and strategic decarbonization plans helps businesses identify actionable insights. This, in effect, enables investors and companies to adapt to the incoming IFRS standards swiftly.

Athena: A Game-changer for Sustainability Reporting

Athena goes beyond traditional consulting, offering a distinct blend of AI-boosted, data-backed insights, scalable adaptability, and unbeatable pricing. With Athena, investment firms can adapt easily to the new reporting standards thereby helping them make more informed decisions.

Athena offers distinct competitive advantages, making the transition to complying with the IFRS S1 and S2 standards far simpler. By harnessing the power of AI and machine learning, Athena flips the script on traditional consulting, offering a comprehensive and truly scalable solution for sustainability risk management.

Remember, the journey to an environmentally conscious and sustainably-focused future begins with understanding the risks and opportunities posed by our changing climate. Athena is here to help you navigate this terrain, turning the complexity of the new IFRS standards into a strategic opportunity. Thus, empowering investment firms to build a sustainable future in the world of financial investments.

Contact us today to learn more about how Athena can help your investment firm prepare for the IFRS S1, S2 and beyond.