[SFGW-SR] Fundamentals in International Financial Reporting Standards (IFRS) S1 and S2
About This Course
Upon completion of this course, participants will be able to interpret and implement the fundamental requirements of IFRS S1 and IFRS S2, enabling them to identify, evaluate, and disclose sustainability- and climate-related risks and opportunities. The course covers the four core disclosure pillars of Governance, Strategy, Risk Management, and Metrics and Targets, together with key IFRS concepts, principles, relief mechanisms, and requirements relating to judgement, uncertainty, and errors. Participants will develop an understanding of materiality assessment, including its key concepts, objectives, and benefits in determining decision-useful sustainability disclosures.
Participants will learn to explain IFRS S2 requirements for climate-related disclosures, including scenario analysis, internal carbon pricing, interoperability with Global Reporting Initiative, ESRS, and US SEC requirements, climate transition plans, and GHG Protocol principles for Scope 1 and Scope 2 emissions. Through practical business scenarios, participants will gain experience in translating business information into comprehensive, decision-useful disclosures while applying the essential concepts, principles, and disclosure requirements outlined in the standards.
What You'll Learn
• Application of IFRS S1
• Materiality assessment
• Application of IFRS S2
• Interoperability of IFRS S1 and IFRS S2 with the equivalent standards in Global Reporting Initiative, European Sustainability Reporting Standards (ESRS) and U.S. Securities and Exchange Commission (US SEC) Rules
• Climate transition plans
• Application of the GHG Protocol to report greenhouse gas emissions – Scope 1 and 2 GHG emissions
Upon completion of this course, participants will be able to interpret and implement the fundamental requirements of IFRS S1 and IFRS S2, enabling them to identify, evaluate, and disclose sustainability- and climate-related risks and opportunities. The course covers the four core disclosure pillars of Governance, Strategy, Risk Management, and Metrics and Targets, together with key IFRS concepts, principles, relief mechanisms, and requirements relating to judgement, uncertainty, and errors. Participants will develop an understanding of materiality assessment, including its key concepts, objectives, and benefits in determining decision-useful sustainability disclosures.
Participants will learn to explain IFRS S2 requirements for climate-related disclosures, including scenario analysis, internal carbon pricing, interoperability with Global Reporting Initiative, ESRS, and US SEC requirements, climate transition plans, and GHG Protocol principles for Scope 1 and Scope 2 emissions. Through practical business scenarios, participants will gain experience in translating business information into
Entry Requirements
No formal prerequisites. Designed for learners who want a foundational understanding of IFRS S1/S2. Prior exposure to sustainability/ESG reporting concepts is helpful but not required.