IFRS S2 Reference documents

The following documents were issued by the International Sustainability Standards Board (ISSB) in June 2023:

• IFRS S2 standard for climate-related disclosures (46 pages).

The following documents accompany and illustrate aspects of IFRS S2, but officially are not part of IFRS S2, and do not create additional requirements:

• IFRS S2 accompanying guidance on climate-related disclosures (23 pages), which includes illustrative example on disclosing information.
• IFRS S2 basis for conclusions for climate-related disclosures (55 pages). The Basis for Conclusions summarises the considerations of the ISSB in developing IFRS S2.
  
• Industry-based guidance on implementing IFRS S2 (538 pages); derived from SASB Standards, as maintained by the ISSB. Because the guidance is industry-based, only the subset/s relevant to the entity of interest applies. The entity should consider the applicability of industry-based guidance in accordance with IFRSS2.12 and IFRSS2.32.

Other IFRS S2 related documents by the ISSB

Comparison of TCFD recommendations vs IFRS S2 Climate-related Disclosures.

The jurisdictional journey towards implementing IFRS S1 and IFRS S2 — Adoption Guide overview.

Proposed IFRS Sustainability Disclosure Taxonomy for IFRS S1 and IFRS S2 and xml taxonomy package.

Documents cited by the above documents

• The Greenhouse Gas Protocol.
  
• The GhG Protocol Corporate Value Chain(Scope 3) Accounting and Reporting Standard.
• GICS map 2023 spreadsheet.
  • MSCI Global Industry Classification Standard methodology.
• Task Force on Climate-related Financial Disclosures : Guidance on Metrics, Targets, and Transition Plans
• Global warming potential values
• Kyoto Protocol to the UN framework convention on climate change
  

IFRS S1 reference documents

1. IFRS S1 standard for general sustainability-related disclosures to financial reports.
2. IFRS S1 accompanying guidance.
3. IFRS S1 basis for conclusions for climate-related disclosures.

Webinar : Overview of IFRS S2 Climate-related Disclosures

Webinar : Introduction to IFRSS2

This webinar contains detailed explanations of IFRSS2 with the International Sustainability Standards Board.

Webinar : accounting & sustainability disclosures connections

How it works having two standards boards: the ISSB (International Sustainability Standards Board) and the IASB (International Accounting Standards Board).

South Africa

South African Reserve Bank guidance on the implementation of climate related disclosures for insurers.