IFRS S1 and S2 implementation readiness in emerging markets: a multi-dimensional assessment framework and market readiness index

What is it about?

Companies in emerging markets are struggling to adapt to new global sustainability reporting standards. Our study reveals that while Ghanaian companies show high general awareness (82%) of these standards, only 55.6% understand implementation details. We created the first Market Readiness Index for sustainability reporting in an emerging economy, finding an overall readiness score of just 46.6%, with renewable energy companies most prepared and technology firms lagging behind.

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