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Climate-specific scope
Covers both physical and transition climate risks.
IFRS S2:Climate-relatedDisclosures
Translate TCFD-aligned climate expectations into investor-grade reporting.
IFRS S2 builds on TCFD, requiring disclosure of climate-related risks, opportunities, scenario analysis, and Scope 1-3 emissions. This page covers IFRS S2 requirements, TCFD alignment, CDP connections, illustrative examples, and adoption trends.
IFRS S2 climate disclosure guide:
What is IFRS S2?
IFRS S2 focuses on climate-related disclosures across governance, strategy, risk management, and metrics & targets. It requires scenario analysis, detailed climate metrics, and explanations of how climate risks/opportunities affect enterprise value.
TCFD
TCFD-aligned structure
Fully aligned with the four TCFD pillars: Governance, strategy, risk management, and metrics & targets.
GHG
Scope 1-3
Requires Scope 1, 2, and relevant Scope 3 GHG emissions.
IFRS S2 core topics
Climate-related risks. Acute, chronic, and transition risks.
Climate-related opportunities. Products, services, and efficiencies that arise from the transition.
Scenario analysis. Qualitative or quantitative assessment of resilience under multiple climate futures.
Metrics & targets. Emissions, capital allocation, internal carbon price, and target progress.
WHY IT MATTERS
Why IFRS S2 raises the bar for climate disclosure
Investor clarity. Investors get consistent, TCFD-aligned information.
Scenario discipline. Requires stress-testing strategies against climate pathways.
Global adoption. Markets from Singapore to Europe plan to reference IFRS S2.
CDP + TCFD links. Aligns with widely used frameworks, making reuse easier.
FRAMEWORK ALIGNMENT
TCFD, CDP, and IFRS S2
- TCFD vs IFRS S2. IFRS S2 is built on TCFD; the pillars and many disclosures are identical but IFRS S2 adds more specificity.
- CDP alignment. CDP questionnaires map to IFRS S2, so existing data can feed both.
- Illustrative examples. IFRS S2 provides examples of climate metrics, targets, and scenario narratives.
- Downloads + resources. Use IFRS.org to download the official standard and guides.
MEASUREMENT
Implementing IFRS S2 climate disclosures
- Scenario analysis workflow. Define assumptions, choose models, and document resilience findings.
- Metrics + targets. Report Scope 1-3 emissions, financed emissions (if applicable), capital expenditure, and carbon prices.
- Adoption status. Track markets considering IFRS S1/S2 (UK, Singapore, Australia, etc.).
- Data governance. Centralise data, approvals, and versioning in RunSustainably.
Next steps for IFRS S2 readiness
Map TCFD gaps. Update existing TCFD reports to match IFRS S2 detail.
Coordinate with CDP teams. Reuse data between CDP submissions and IFRS S2 disclosures.
Monitor downloads + updates. Subscribe to IFRS S2 update alerts for illustrative examples and clarifications.
GLOSSARY SNAPSHOT
IFRS S2 glossary snapshot
IFRS S2. Climate-related disclosures standard from the ISSB.
TCFD. Task Force on Climate-related Financial Disclosures.
CDP. Carbon Disclosure Project—aligning questionnaires with IFRS S2.
FAQS
IFRS S2 – Climate-related Disclosures FAQs
What is IFRS S2?
The ISSB’s climate-related disclosure standard covering governance, strategy, risk management, and metrics & targets.
How does IFRS S2 relate to TCFD?
IFRS S2 adopts TCFD pillars and expands on the required disclosures.
Does CDP align with IFRS S2?
Yes—CDP’s questionnaire cross-references IFRS S2 so data can be reused.
Where can I download IFRS S2?
Visit IFRS.org for the official standard, summaries, and illustrative examples.
Drova RunSustainably centralises objectives, tasks, and approvals so sustainability disclosures stay audit-ready.
Ready to keep IFRS/ISSB reporting on track?
SUSTAINABILITY REPORTING HUB
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IFRS sustainability standards overview
Start with the IFRS + ISSB context.
ISSB overview
Learn who sets the global sustainability disclosure standards.
IFRS S1
General sustainability disclosure requirements.
ISSB applicability
Decide if ISSB standards apply to your organisation.
ASRS overview
See how Australia localises IFRS sustainability standards.
AASB S1
Australian version of IFRS S1.
