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Appendix B IFRS S2 Sample Worksheet
Appendix B IFRS S2 Sample Worksheet
Appendix B IFRS S2 Sample Worksheet
Disclaimer: This sample worksheet calls out some of the key requirements of IFRS S2. It does not contain all the requirements in the standard and does not substitute reading all the ISSB Standards.
1 Describe CRROs that could reasonably be expected to affect the organisation's prospects, and map them to the appropriate time horizons [IFRS S2, paragraphs 10-12, and 15-21]
Short term (define this and explain how it's linked to organisation's planning horizon for strategic Medium term (define this and explain how it's linked to organisation's planning horizon for strategic Long term (define this and explain how it's linked to organisation's planning horizon for strategic
Information should enable primary users to understand: Current reporting period
decision-making - see Appendix A) decision-making - see Appendix A) decision-making - see Appendix A)
Significant risk of a
material adjustment
Climate-related risks and opportunities Anticipated Anticipated Anticipated
to the carrying Anticipated Anticipated Anticipated Anticipated Anticipated Anticipated Anticipated Anticipated Anticipated Anticipated Anticipated Anticipated
(CRROs) that could reasonably be Physical risk/ Effects on financial Effects on financial effects on effects on effects on
Description Effects on cash flows amounts of assets effects on access effects to cost of effects on effects on cash effects on access effects to cost of effects on effects on cash effects on access effects to cost of effects on effects on cash
expected to affect the organisation’s Transition risk? performance position financial financial financial
and liabilities in the to finance capital financial position flows to finance capital financial position flows to finance capital financial position flows
prospects performance performance performance
next annual reporting
period?
Ref: N1 N2 N3 N3 N2 N3 N3 N2 N3 N3
1 Risk A
2 Risk B
3 Risk C
4 Opportunity A
5 Opportunity B
6 Opportunity C
a) Use quantitative (a single amount or a range) and qualitative information to explain
In preparing the anticipated financial effects of CRROs, an organisation should:
b) Use reasonable and supportable information that is available at the reporting date without undue cost or effort
c) Use an approach that is commensurate with the skills, capabilities and resources that are available to the organisation to prepare those disclosures.
N1 When identifying CRROs that could reasonably be expected to affect the organisation’s prospects, consider: [IFRS S2, paragraph 11]
Source Is the information reasonable and supportable? Available at reporting date? Available without undue cost or effort?
Past events
Current conditions
Forecast of future conditions
Industry-based disclosure topics in the
Industry-based Guidance on
Implementing IFRS S2
[see also Appendix A on sources of
guidance]
N3 Reflect upon strategy to manage CRROs (eg, changes to revenue, expenses and costs from climate-related physical damages)
2 Disclose the organisation's strategy for managing CRROs [IFRS S2, paragraphs 13-14, 22-23 and 33-37]
Describe:
a) current and anticipated effects; and
(a) business model b) where the CRROs are concentrated (geography,
facilities, types of assets)
Describe:
a) current and anticipated effects; and
(b) value chain b) where the CRROs are concentrated (geography,
facilities, types of assets) In preparing these disclosures, refer to
and consider the applicability of:
Describe: Explain current and Explain current and Explain current and Explain how the Explain the progress of a) cross-industry metric categories [see
a) How the organisation has responded to, and plans to anticipated changes anticipated direct mitigation anticipated indirect organisation is plans disclosed in IFRS S2, paragraphs 29-31]; and
(c) strategy respond to CRROs in its strategy and decision-making. to its business model and adaptation efforts mitigation and resourcing, and plans previous reporting b) industry-based metrics
b) How the organisation plans to achieve the climate- to address CRROs. adaptation efforts to resource the periods - use associated with disclosure topics
related targets (eg, GHG emissions) it has set. activities disclosed. quantitative and defined in the Industry-based Guidance
c) How the organisation plans to achieve the climate- qualitative information on
related targets (eg, GHG emissions) it is required to Implementing IFRS S2 [see IFRS S2,
meet by law or regulation. paragraph 32)]
(d) decision making [See IFRS S2, paragraphs 33-37 for disclosing climate-
related targets] See also Accompanying Guidance on
IFRS S2 for illustrative examples.
3 Disclose information for each target set or required to meet [IFRS S2, paragraphs 33-37]
IFRS S2 requires specific information about climate-related targets that goes beyond the requirements in IFRS S1.
If organisations use the sample table in Appendix A for the disclosure of targets [No. 6 of Appendix A], organisations need to add the requirements in paragraphs 33-37 of IFRS S2 to the table.
4 Disclose the organisation's risk management for CRROs [IFRS S2, paragraphs 24-26]
5 Disclose the organisation's governance for CRROs [IFRS S2, paragraphs 5-7]