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Towards a global sustainability reporting framework
December 2024
This Position Paper 9 provides key insights on the role of ISSB's S1 and S2 standards and their impact on Directors.
IFRS S1 and S2 of the International Sustainability Standards Board (ISSB) are transforming directors' and board members' roles by placing sustainability at the core of corporate governance. These standards require boards to integrate Environmental, Social, and Governance (ESG) factors into their oversight functions.
This Position Paper 9 provides key insights for Directors.
In the business world, something new is emerging. Sustainability standards are no longer just administrative paperwork, but a real change of direction for companies. In Mauritius, as elsewhere, the challenges are real: climate change, tightening environmental regulations, and customers demanding more transparency. This isn't just talk, it's serious business. Leaders now have to answer simple but critical questions: How are you integrating environmental risks into your governance structures? What strategies have you developed? How are you measuring progress? This isn't just about following rules. It's an opportunity to innovate. Companies that see sustainability as an asset, not a constraint, will be the ones that come out on top. For young professionals, this is your moment. Your generation is pushing for more responsible practices. And investors are watching very closely how companies handle these issues. Sustainability isn't a cost. It's about finding new ways to create value. It's about thinking differently, innovating, and building a smarter future for our businesses and our planet. In this context, the objective of this Position Paper is to provide you with early, concise insights on the upcoming new IFRS Sustainability Standards and their implications for you as directors. Enjoy the read!
About the Directors Forum
To support the MIoD in building more effective boards and to promote good corporate governance, the Directors Forum was set up in 2012, in collaboration with PwC Mauritius.
The Directors Forum acts as an Advisory Council and Technical Committee to the MIoD.
Collectively, the Directors Forum is made up of members who are respected local directors and professionals with backgrounds in law, economics, finance and accounting, corporate and securities regulation, business and academia, in the private and public sectors.
Download the latest Position Paper to discover the members.
Its objectives are to:
- Identify issues which are of most concern to directors,
- Produce position documents and, through consultation with Government and regulators, contribute to policy development,
- Be the voice for governance and directors’ issues in Mauritius,
- Develop guidance on governance issues in Mauritius.
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About Julien Tyack, Partner at PwC Mauritius
Julien heads our Risk Assurance Services department since 2018 and was admitted as Partner since 1 July 2021. He has more than 20 years of professional experience, of which more than 12 years in Mauritius and 11 in the UK. He has been an Internal Auditor since 2003. He is also qualified to perform quality assurance reviews for clients with an in-house internal audit function. Julien has worked at Audit Committee and board level for large multinational organisations in various industries including oil and gas, construction, civil engineering, hotels, the UK government and the UK National Health Service
Julien Tyack, partner at PwC Mauritius, recently took over at PwC on the MIoD’s “Directors’ Forum ”. Passionate about governance issues, he is "delighted to continue this journey with MioD, and to bring all his energy and a fresh look" to the challenges ahead.
Download Publication No. 9 (PDF 8.41mb) Towards a global sustainability reporting framework
Further languages
- Publication No. 8: The African Opportunity
- Publication No. 7: The role and responsibilities of Independent Non-Executive Directors
- Publication No. 6: Effective and sustainable good governance practices of family businesses
- Publication No. 5: COVID-19: Key considerations for Directors
- Publication No.4 - Board Evaluation
- Publication No.3 - September 2014: Engaging with Stakeholders - A Guide for Boards
- Publication No.2 - December 2013: An Ethics Guide for Boards
- Publication No.1 - September 2012: Best Practice Guidelines for the appointment of Directors
Contact us
Julien Tyack
Risk Assurance Services Partner and Sustainability Leader, PwC Mauritius
Tel: +230 404 5210
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