Application of sustainable accounting in the company saint honoré, s.a. based on the new international sustainability and climate standards - ifrs s1, s2 and esg criteria

Abstract

The application of sustainable accounting in companies has become a priority today, largely due to the growing awareness of the importance of environmental and social sustainability. This has led to the creation of new international sustainability and climate standards, such as IFRS S1, S2 and ESG, which seek to establish clear guidelines for companies to report on their sustainable activities and their impact on society and the environment. These standards represent a significant change in the way companies must conduct their accounting and present their financial statements. IFRS S1 focuses on the disclosure of information about the risks and opportunities related to climate change, requiring companies to evaluate and communicate how they are managing these factors in their operation and business strategy. Based on this, the study is based on quantitative research, which is characterized by its focus on the collection and analysis of numerical data to reach conclusions that can be generalized to larger populations. Based on this, its importance lies in; The implementation of sustainable accounting in companies implies a significant change in the way they operate and report their performance. As important conclusions, it is emphasized that the application of these standards implies that companies must measure and communicate their performance in areas such as the reduction of carbon emissions, gender equality, diversity on the board of directors and other responsible business practices.