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IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information·Paragraph 27(a)

Governance body or individual oversight

Practical guidance for preparing this disclosure. Use this card to identify the information to prepare, verify claims and organise supporting evidence. For exact requirements, always refer to the official IFRS Foundation source.

Legal status

IFRS S1 and IFRS S2 were issued in June 2023 and are effective for annual reporting periods beginning on or after 1 January 2024.

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Published passport

Last reviewed 2026-07-30
RK Reviewed by Dr Ross KurinkoLinkedIn Strategic ESG Advisor · IFRS S1 & S2 / GRI / ESRS expert GRI Certified Global Trainer · PhD, University of Cambridge · ESG-AI expert 15+ years on FTSE 100 & Fortune Global 500 disclosures Canary Wharf, London LRA educational guidance · Not issued or endorsed by IFRS Foundation

Standard

IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information

Paragraph 27(a) · Issued 2023 · Effective from 1 January 2024

Effective

2024-01-01

Official source: Open ↗

Last reviewed

2026-07-30

LRA educational guidance · Not issued or endorsed by IFRS Foundation

To prepare this disclosure
6LRA preparation fields 6claims to verify 6evidence areas

Disclosure focus

The objective of sustainability-related financial disclosures on governance is to enable users of general purpose financial reports to understand the governance processes, controls and procedures an entity uses to monitor, manage and oversee sustainability-related risks and opportunities.

This disclosure requires the entity to identify the governance body(s) or individual(s) responsible for oversight of sustainability-related risks and opportunities and explain the governance arrangements supporting that oversight. It covers responsibilities in governance documents, skills and competencies, information flows, oversight of strategy, major transactions and risk management including trade-offs, and oversight of targets, progress and related remuneration metrics.

This LRA educational guidance supports disclosure preparation. For the exact requirements, always refer to the official IFRS Foundation source.

Before you start

Before you start

A quick mental checklist before you prepare this disclosure — tick each as you settle it.

Preparation

Key information to prepare

Preparation field What to capture Evidence hint Owner
Responsible governance body(s) or individual(s) Identify the governance body(s) or individual(s) responsible for oversight of sustainability-related risks and opportunities. Current approved records and review evidence supporting responsible governance body(s) or individual(s). Sustainability reporting / relevant process owner
Responsibilities in governance documents Explain how responsibilities are reflected in terms of reference, mandates, role descriptions and related policies. Current approved records and review evidence supporting responsibilities in governance documents. Sustainability reporting / relevant process owner
Skills and competencies Explain how the body(s) or individual(s) determines whether appropriate skills and competencies are available or will be developed. Current approved records and review evidence supporting skills and competencies. Sustainability reporting / relevant process owner
Information flow and frequency Explain how and how often the body(s) or individual(s) is informed about sustainability-related risks and opportunities. Current approved records and review evidence supporting information flow and frequency. Sustainability reporting / relevant process owner
Strategy, major transactions, risk management and trade-offs Explain how sustainability-related risks and opportunities are taken into account when overseeing strategy, decisions on major transactions and risk management processes and related policies, including associated trade-offs. Current approved records and review evidence supporting strategy, major transactions, risk management and trade-offs. Sustainability reporting / relevant process owner
Targets, progress and remuneration Explain how target-setting and progress are overseen, including whether and how related performance metrics are included in remuneration policies. Current approved records and review evidence supporting targets, progress and remuneration. Sustainability reporting / relevant process owner
＋ Show s1-27-a sub-elements (LRA working checklist)

How to prepare it

Identify all responsible governance body(s) or individual(s).
Gather applicable terms of reference, mandates, role descriptions and related policies.
Document the process for determining available or required skills and competencies.
Document how and how often each responsible body or individual is informed.
Document oversight of strategy, major transactions and risk management, including trade-offs.
Document target-setting, progress monitoring and remuneration-policy links.
Separate governance oversight from management’s role.
Reconcile the final disclosure with current governance records.

Request the data

Request the disclosure evidence

Translate the disclosure into an internal business question — then adapt it to your organisation's own language.

Please provide the current governance documentation showing all body(s) or individual(s) responsible for oversight of sustainability-related risks and opportunities; how responsibilities are reflected in governance documents; how skills and competencies are assessed or developed; how and how often they are informed; how they oversee strategy, major transactions and risk management including trade-offs; and how they oversee targets, progress and related remuneration metrics.

Use the organisation's own role and document names, but preserve the defined IFRS / ISSB terms and the scope described above.

Better request

Please provide the current governance documentation showing all body(s) or individual(s) responsible for oversight of sustainability-related risks and opportunities; how responsibilities are reflected in governance documents; how skills and competencies are assessed or developed; how and how often they are informed; how they oversee strategy, major transactions and risk management including trade-offs; and how they oversee targets, progress and related remuneration metrics.

Draft your disclosure

Notes that turn data into a disclosure

LRA training templates — adapt them to your organisation, and check the official source before sign-off.

Method note

Identify all responsible governance body(s) or individual(s). Explain responsibilities in governance documents, skills and competency arrangements, information flows and frequency, oversight of strategy, major transactions and risk management including trade-offs, and oversight of targets, progress and related remuneration metrics.

Context note

Apply IFRS S1.27(a) using the exact paragraph scope and cross-references stated in the official IFRS source.

Download Centre

Preparation tools & forms

Professional preparation tools for s1-27-a — free with an LRA Community membership. Register once (it's free) and every download unlocks, together with the Disclosure Library, templates and the LRA AI Assistant.

Free · Community members
01XLSPrep & Assurance workbookDatapoints, risks, evidence to check, owner and evidence pack.Get it free ↧ 02XLSData-request packRequest email, message template, response fields and sign-off structure.Get it free ↧ 03PDFLibrary CardPrintable one-page summary of this disclosure card.Get it free ↧

Assurance readiness

For each claim, check the evidence

Claim Risk Evidence to check
Identified all responsible governance body(s) or individual(s).The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Explained how responsibilities are reflected in governance documents and policies.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Explained how appropriate skills and competencies are determined or developed.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Explained how and how often they are informed.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Explained oversight of strategy, major transactions and risk management including trade-offs.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Explained oversight of target-setting, progress and related remuneration metrics.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.

Evidence pack to prepare

Common reporting gaps

Shared responsibilities not identified.
Documents do not reflect disclosed responsibilities.
Training listed without competency determination.
Frequency disclosed without explaining how information is received.
Major transactions, related policies or trade-offs omitted.
Target progress or remuneration metrics omitted.
Management role merged with governance oversight.
Boilerplate board-oversight statement.
✓ LRA AI Assistant · Human-in-the-loop
Dr Ross Kurinko

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Framework references

Relevant IFRS / ISSB requirements and related disclosures

Available framework references and nearby disclosures relevant to preparing this requirement.

IFRS / ISSB

s1-27-a

within IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information

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Go deeper · s1-27-a

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