IFRS S1 GENERAL REQUIREMENTS FOR DISCLOSURE OF SUSTAINABILITY-RELATED FINANCIAL INFORMATION An entity shall apply this Standard in preparing and reporting sustainability-related financial disclosures by IFRS Sustainability Disclosure Standards. Sustainability-related risks and opportunities that could not reasonably be expected to affect an entity's prospects are outside the scope of this Standard. Other IFRS Sustainability Disclosure Standards specify information an entity is required to disclose about specific sustainability-related risks and opportunities https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards-issb/english/2023/issued/part-a/issb-2023-a-ifrs-s1-general-requirements-for-disclosure-of-sustainability-related-financial-information.pdf?bypass=on Structure your report using the following headings: Why is sustainability reporting important to companies and what are its potential benefits to external stakeholders and companies themselves? What new sustainability standards have been developed and released by the International Sustainability Standards Board (ISSB) and what is the purpose and objective of developing these standards? Discuss