IFRS S1 & S2: A Practical Guide to Sustainability Disclosure for South African Companies

The Sustainability Disclosure Imperative

The IFRS Foundation's sustainability disclosure standards — IFRS S1 (General Requirements) and IFRS S2 (Climate-Related Disclosures) — represent the most significant shift in corporate reporting since the adoption of IFRS financial reporting standards. #

What IFRS S1 Requires:

- Material sustainability-related risks and opportunities affecting the entity's prospects - Governance processes, controls, and procedures used to monitor and manage these risks - The entity's strategy for responding to sustainability-related risks and opportunities - How the entity identifies, assesses, and manages sustainability-related risks #

What IFRS S2 Requires:

- Climate-related risks (physical and transition risks) and opportunities - Scope 1, 2, and 3 greenhouse gas emissions data - Climate scenario analysis and resilience assessment - Internal carbon pricing mechanisms

Building Disclosure Readiness

Jay & Co Advisory assists listed companies and their audit committees to build the internal data infrastructure, governance processes, and disclosure capabilities required to meet these new standards.