Webinars On-Demand

Reporting on sustainability (IFRS S1) and climate change (IFRS S2)

This webinar on demand is part of a series of webinars. Click here to read more

Overview  

The recent focus on sustainability and climate change has led to the development of the IFRS S1 and IFRS S2 standards, which provide a framework for comprehensive reporting on these critical issues. IFRS S1 focuses on general sustainability-related financial disclosures, requiring companies to report on their sustainability risks and opportunities in a transparent and comparable manner. This standard aims to enhance the quality and consistency of sustainability reporting, enabling stakeholders to make better-informed decisions based on reliable data. 

IFRS S2, on the other hand, is specifically dedicated to climate-related financial disclosures. It mandates the identification and reporting of climate change risks and opportunities, urging companies to incorporate climate considerations into their strategic planning and risk management processes. The standard also outlines the methodologies for calculating carbon dioxide equivalent emissions and emphasises the importance of presenting the greenhouse gas inventory across three scopes. This ensures a comprehensive and detailed approach to climate-related reporting, reflecting the true impact of a company's operations on the environment. 

Join Prof Hentie van Wyk for a two-hour webinar as he takes you through IFRS S1 and IFRS S2 which represent a significant step forward in the realm of sustainability and climate change reporting.   

Learning objectives  

Attending this webinar will equip you with the following skills: 

• Understanding sustainability risks and opportunities 

• Comprehending sustainable development goals 

• Evaluating climate change risks and opportunities 

• Disclosing sustainability and climate change risks and opportunities 

• Calculating carbon dioxide equivalent emissions 

• Presenting the greenhouse gas inventory across three scopes 

Content 

The webinar will cover the following topics:  

• New structure of the IFRS Foundation 

• Why IFRS S1? 

• Sustainability development goals 

• Risks from interactions with stakeholders 

• Value chain 

• General sustainability disclosure requirements 

• Why IFRS S2? 

• Greenhouse gases 

• Effect of overstocking the atmosphere with greenhouse gases 

• General disclosure of carbon dioxide equivalents in 3 scopes 

• Case study