This is part of a series of briefs exploring the topic of sustainability, business and the finance professional’s key role. These briefs will help organisations consider the sustainability issues, how to integrate them into their long-term decision-making, and how to incorporate these issues into internal and external reporting.
This paper is designed to present a summary of the IFRS S2 Climate-related Disclosures. It is written from the management accounting perspective. The paper answers five questions,
Why are sustainability-related disclosure standards needed?
How was IFRS S2 standard developed?
When is reporting under IFRS S2 required?
What are the general requirements of IFRS S2?
Who will encounter the IFRS S2 requirements?
As a finance professional, you are likely to encounter one or many of the sustainability frameworks and standards and We will continue to release papers summarising the major methodologies.