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IFRS S2 (Climate-related Disclosures)

Reporting & Disclosure
IFRS S2 sets out requirements for disclosing climate-related risks, opportunities, and the entity's strategy for managing them. It requires Scope 1, 2, and 3 GHG emissions disclosure, climate scenario analysis, transition plans, and industry-specific metrics based on SASB standards. IFRS S2 effectively replaces TCFD recommendations and is being adopted into national regulation across multiple jurisdictions. The UK Sustainability Disclosure Standards are based on IFRS S2.

Related Terms

ISSB (International Sustainability Standards Board)IFRS S1 (General Sustainability Disclosures)TCFD (Task Force on Climate-related Financial Disclosures)Scope 3 Emissions

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