
IFRS S2 Explained: The Sustainability Standard
IFRS S2 sets the ISSB's climate disclosure rules, paired with IFRS S1's general requirements. Learn what both standards require and when they apply.
Carbon accounting refers to the discipline of measurement and accounting techniques that serve to measure the carbon footprint of an organization or individual, and the trading of carbon credits or offsetting techniques involved in this domain.
Carbon accounting is a necessary step in establishing a quantifiable groundwork for carbon-related legislature and decision making.
Scientific institutions provide an international regulatory framework for all organizations to be measured under the same standards, such as:
The cooperation of these institutions in creating a universal regulatory framework helps prevent “greenwashing”, where companies claim to be more green than they are. Carbon accounting also includes the business of carbon credit trading for states and businesses.

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