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Industry insight

As we rapidly approach the end of 2025, a quick reminder of some upcoming reporting deadlines:

• California Senate Bill 261 — SB261 requires companies with at least $500M in annual revenue doing business in California to publicly disclose their climate-related financial risks and mitigation strategy every two years, starting January 1, 2026. For this first year, the California Air Resources Board (CARB) indicates that good-faith, minimum reporting requirements are acceptable.

  To identify risks for SB261, you can use Task Force on Climate-related Financial Disclosures (TCFD), International Financial Reporting Standards (IFRS) S2: Climate-related Disclosures, or the draft checklist from CARB — all of which are now available for Sustainability Explorer!

• International Sustainability Standards Board (ISSB) — Depending on region, your company may need to release its initial report using IFRS Sustainability Disclosure Standards when it publishes its annual financial statements. 

To help ease materiality and gap assessments for IFRS Sustainability Disclosure Standards — for either SB261 or ISSB — you can work with Workiva or your implementation partner to deploy supplemental templates and files. Details below! 

Looking for more insight? Workiva has Industry Principals dedicated to gathering and sharing Sustainability & Carbon knowledge and expertise! For more insight, follow them — Alyssa Zucker for Carbon, Esther Toth for EMEA & APAC, and Mark Mellen for North America & APAC — on LinkedIn.

What's new

The IFRS Sustainability Disclosure Standards — issued by the International Sustainability Standards Board (ISSB) — helps companies disclose consistent, comparable, and verifiable information about the impact of sustainability-related risks and opportunities (ROs). 

To prepare to report using these Standards, you can now supplement your Sustainability Reporting workspace with additional templates and files, including:

• Assessment templates to collect stakeholder perspectives on the financial impact — or materiality — of ROs
• ISSB gap assessment, to identify gaps in data collection or reporting for both general disclosures and ROs
• Gap assessment results and visualization, to help track the gaps identified at-a-glance
• ISSB datapoint accelerator, to easily create or update metrics in Sustainability Program to help resolve gaps identified
• IFRS - ISSB section within your Factbook spreadsheet, to ease reporting of general disclosures
• Sample ISSB report document, as inspiration or a starting point

Additional cost may apply to deploy these files as an add-on to your Sustainability Reporting workspace. For details, contact your Workiva Customer Success Manager (CSM) or implementation partner.

To learn more, view Prepare International Sustainability Standards Board-ready reporting.

Use Australian Sustainability Reporting Standards instead? You can alternatively supplement your workspace with similar files to assess readiness for the ASRS.

Want to stay current? Follow What's new in Sustainability Reporting!

On the calendar

November 20, catch a replay of a key session from Workiva’s Amplify conference — and earn CPE! With the vast volume of sustainability regulations globally, how can sustainability reporting teams prepare for assurance of disclosure? Hosted by the Sustainability Reporting Professionals Group, panelists from Deloitte, KPMG, and PwC look back on 2025 — and forward to 2026 — to share:

• How to prepare your people, processes, and technology to boost confidence in reporting and assurance data
• Insights on how to use that data to support growth across your business

Register now!

Share your thoughts

The Workiva Community provides ample opportunity to engage with and learn from subject-matter experts, advisory partners, and other sustainability reporters. Join the conversation in these discussion threads:

• Community Connect: Sustainability, to learn from industry professionals and peers as you collaborate and share insights, challenges, and solutions.
• Sustainability Management, to discuss best practices and experiences with sustainability reporting, in general and within the Workiva Platform
• What's new in Sustainability, to learn the latest enhancements of Sustainability Reporting features like Sustainability Program and Sustainability Explorer
• Sustainability Feedback, to share and support ideas on how to improve Sustainability Management features

Questions?

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