Prepare a critical analysis on how CO will be affected by this contemporary topic. Make sure that you fulfil the following requirements in your analysis:

a)

Describe the scope, context, approach, and accounting applications of the exposure drafts for IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures.

b) Critically evaluate the potential impacts of the exposure drafts on the reporting requirements of CO.