Build trust
through transparency.
IFRS S1 & S2 are the new benchmark for sustainability reporting across the globe. The successor to TCFD, the standards capture the detailed financial implications of the climate-related risks and opportunities your business is facing.
For those that embrace the challenge, a strong disclosure can build credibility and demonstrate responsibility to investors, regulators and other stakeholders.
What are IFRS S1 & S2?
Published by the International Sustainability Standards Board (ISSB) in 2023, IFRS S1 & S2 are the successor standards to TCFD. They represent a major step up, requiring a more rigorous scenario analysis, full disclosure of emissions and explicit links between sustainability disclosures and financial statements.
While organisations can report on the standards voluntarily, they are also being adopted for mandatory disclosures by many countries around the world, creating a more standardised language for climate risk. Countries implementing IFRS S1 and/or S2 for mandatory reporting include Australia, Brazil, Hong Kong, Japan, Nigeria, Singapore, Türkiye and the UK (UK SRS).
What we do
We’ve built our climate practice on deep international experience, working with ISSB S1 and S2-aligned frameworks around the world. We know what good looks like and we know what regulators and investors are actually looking for.
We work with you to:
- Help you understand the standards and identify gaps in your current reporting disclosures
- Identify and assess your material climate-related risks and opportunities
- Build the internal processes and governance structures your report will require
- Produce a disclosure that tells a credible, coherent story to investors and other stakeholders
We believe that advanced voluntary sustainability reporting is an opportunity for businesses. A well-constructed report can become the foundation for robust, ongoing approach to climate risk management, while demonstrating your future stability to global investors
Why Sirocco?
Our team has delivered ISSB-aligned reporting in international markets, giving us a deep understanding of what it takes to produce a meaningful disclosure.
We work alongside your team to simplify the intricacies of the standard, identifying the governance, strategy and risk management implications as we go. Our deep climate risk expertise means your disclosure will stand up to genuine scrutiny, giving you a strategic advantage in front of investors.
Read more
Related insights from our blog, The Prevailing Wind
