IFRS S2 Climate-related Disclosures requires an entity to disclose information about its assessment of its climate resilience and that the entity uses climate-related scenario analysis to inform that assessment.
IFRS S2 requires these disclosures because climate-related risks and opportunities that affect an entity are often complex and their likelihood, magnitude and timing are uncertain. Investors need useful information that enables them to understand the resilience of an entity’s strategy and business model to climate-related changes, developments and uncertainties—that is, to understand the entity’s climate resilience.
In this webcast, Veronika Pountcheva (ISSB member) and Tim Kasim (ISSB technical staff) explain the requirements in IFRS S2 on disclosing information about climate resilience and the use of climate-related scenario analysis, including the proportionality mechanisms that enable entities to select an approach to scenario analysis that is commensurate with their circumstances.
The webcast is accompanied by a factsheet that provides an overview of the webcast.
Access the webcast slides.
Access the IFRS Sustainability Standards Navigator to find out more about the climate resilience and climate-related scenario analysis requirements in IFRS S2.
