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

Management’s role in governance processes, controls and procedures

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(b) · 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
4LRA preparation fields 4claims to verify 1evidence 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 explain management’s role in governance processes, controls and procedures used to monitor, manage and oversee sustainability-related risks and opportunities; whether that role is delegated to a specific management-level position or committee and how it is overseen; and whether management uses controls and procedures to support oversight and how they are integrated with other internal functions.

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
Management’s role Describe management’s role in governance processes, controls and procedures used to monitor, manage and oversee sustainability-related risks and opportunities. Current approved records and review evidence supporting management’s role. Sustainability reporting / relevant process owner
Delegation and oversight State whether the role is delegated to a specific management-level position or management-level committee and, if so, identify it and explain how oversight is exercised over it. Current approved records and review evidence supporting delegation and oversight. Sustainability reporting / relevant process owner
Management controls and procedures State whether management uses controls and procedures to support oversight and describe them where applicable. Current approved records and review evidence supporting management controls and procedures. Sustainability reporting / relevant process owner
Integration with other internal functions If such controls and procedures are used, explain how they are integrated with other relevant internal functions. Current approved records and review evidence supporting integration with other internal functions. Sustainability reporting / relevant process owner
＋ Show s1-27-b sub-elements (LRA working checklist)

How to prepare it

Identify management’s actual governance role.
Determine whether it is delegated.
Identify the management-level position or committee and oversight arrangement.
Identify management controls and procedures supporting oversight.
Explain integration with relevant internal functions.
Separate governance oversight, management role, ERM integration and reporting controls.
Gather role, delegation, process and operating evidence.
Verify against IFRS S1.27(b)(i)–(ii).

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 documentation showing management’s role in monitoring, managing and overseeing sustainability-related risks and opportunities; whether it is delegated to a specific management-level position or committee; how oversight is exercised over that role; the controls and procedures management uses; and how those arrangements are integrated with relevant internal functions.

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 documentation showing management’s role in monitoring, managing and overseeing sustainability-related risks and opportunities; whether it is delegated to a specific management-level position or committee; how oversight is exercised over that role; the controls and procedures management uses; and how those arrangements are integrated with relevant internal functions.

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

Describe management’s role; state whether it is delegated and identify the position or committee; explain oversight over the delegated role; state whether controls and procedures are used and explain integration with other relevant internal functions.

Context note

Apply IFRS S1.27(b) 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-b — 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
Management’s role is described.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Delegation to a specific management-level position or committee is stated and identified where applicable.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Oversight over the delegated role is explained.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Controls and procedures and their integration with other internal functions are explained.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

Reporting workflow instead of governance role.
Board committee misclassified.
Data owner misclassified.
Delegation assumed but not stated.
Oversight not explained.
Reporting control used as climate/sustainability oversight control.
Functions merely listed.
Internal audit ownership overstated.
Management and governance merged.
✓ 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-b

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

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Related & explore

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Go deeper · s1-27-b

Learn to prepare this disclosure end-to-end

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