Transition to sustainable accounting: The opportunities and challenges of IFRS S1

Further to the introduction of international accounting norm on durability, our research work has as objective to analyse the impact of norm IFRS S1 on financial information and environmental accountancy. This study attempts to analyse the impact of norm IFRS S1 on financial information and environmental accountancy. In fact, previous research showed that environmental accountancy can ameliorate the quality of financial returns by providing information on environmental risks and opportunities, as well as on expenses and advantages of the practices of environmental management. Nevertheless, in spite of the growing interest granted in environmental accountancy, we pointed out that there is still one is short of research on its impact on financial information, particularly in the context of the multinational societies. Our article highlights Morocco's sustainability initiatives and highlights the need for a rigorous methodology to assess the readiness of companies for this transition, involving professionals in the sector. In summary, our study confirmed that IFRS S1 represents an opportunity for companies interested in aligning with sustainability requirements and is a real challenge for its effective and successful implementation.