General requirements
Establish the overall approach to identifying and communicating material sustainability-related risks and opportunities to users of general-purpose reports.
IFRS S1 information ↗ISSB-aligned disclosure readiness
Treat the standards as a management-information challenge.
IFRS S1 establishes general requirements for disclosing sustainability-related risks and opportunities, while IFRS S2 addresses climate-related disclosures. Preparing credible information requires more than drafting: it requires defined scope, materiality, governance, evidence, controls and connectivity with financial thinking.
This page addresses the standards themselves. For a broader service covering IFRS, CSRD and other reporting architectures, see Climate Risk Reporting.
The reporting architecture
Two standards, one connected reporting process.
Climate-specific requirements
Develop disclosure across governance, strategy, risk management, and metrics and targets, supported by climate-resilience and scenario-analysis evidence.
IFRS S2 information ↗Connectivity & financial effects
Connect sustainability and climate information with strategy, planning, assumptions, financial implications and the organisation’s wider reporting.
Where we can help
Build the evidence and controls behind the disclosure.
Applicability & scope
Clarify reporting entity, audience, boundaries, timing and internal ownership.
Readiness & gap assessment
Compare current information, processes and controls with the required reporting architecture.
Materiality & risk identification
Identify the risks, opportunities, exposures and transmission channels that warrant disclosure.
Governance & risk management
Define oversight, responsibilities, escalation, monitoring and supporting documentation.
Scenarios, metrics & targets
Develop proportionate evidence with transparent assumptions, methods and limitations.
Disclosure & controls
Connect narrative and data, assign review controls and prepare a repeatable reporting cycle.
A controlled path to readiness
Build the reporting process before perfecting the prose.
The objective is a repeatable process that management can own—not a one-off document assembled at the reporting deadline.
- 01
Frame
Confirm scope, decision context, responsibilities and the reporting timetable.
- 02
Assess
Identify material matters and evaluate current evidence, systems, processes and gaps.
- 03
Build
Develop governance, scenarios, metrics, financial implications and documentation.
- 04
Control
Prepare disclosure, reconcile information, assign reviews and define the next cycle.
Typical outcomes
A clearer route from requirement to defensible disclosure.
A prioritised readiness assessment and implementation roadmap.
Defined reporting boundaries, ownership and governance responsibilities.
Documented scenarios, metrics, assumptions, limitations and financial linkages.
A controlled disclosure process that can be repeated and improved.
Primary reference: IFRS Foundation, IFRS Sustainability Standards Navigator.
Start with readiness
Where is your IFRS S1 and IFRS S2 process least defensible?
We can help identify the material gaps, define immediate priorities and establish a proportionate path towards controlled reporting.