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ISSB Training Partner IFRS S1 · General Requirements for Disclosure of Sustainability-related Financial Information · Paragraph 29

Strategy disclosure objective

s1-29 · mandatory · narrative disclosure

The objective of sustainability-related financial disclosures on strategy is to enable users of general purpose financial reports to understand an entity’s strategy for managing sustainability-related risks and opportunities.

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.

Start preparing ↓ Official IFRS Foundation source ↗

Disclosure focus

This page should explain the strategy disclosure objective and map users to the detailed requirements on risks and opportunities, business model and value chain effects, strategy and decision-making, current and anticipated financial effects, and resilience. It should not require a separate generic strategy narrative or organisation-wide coverage figure.

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

Prepare

What to collect before drafting

Tick each field as the evidence lands. Owners are the teams that usually hold the source files.

  • Risks and opportunities

    Sustainability reporting / relevant process owner

    IFRS S1.30–31

    Evidence Current approved records and review evidence supporting risks and opportunities.

    Watch for The published response for risks and opportunities is incomplete or does not match the supporting records.

  • Business model and value chain effects

    Sustainability reporting / relevant process owner

    IFRS S1.32

    Evidence Current approved records and review evidence supporting business model and value chain effects.

    Watch for The published response for business model and value chain effects is incomplete or does not match the supporting records.

  • Strategy and decision-making

    Sustainability reporting / relevant process owner

    IFRS S1.33

    Evidence Current approved records and review evidence supporting strategy and decision-making.

    Watch for The published response for strategy and decision-making is incomplete or does not match the supporting records.

  • Current and anticipated financial effects

    Sustainability reporting / relevant process owner

    IFRS S1.34–40

    Evidence Current approved records and review evidence supporting current and anticipated financial effects.

    Watch for The published response for current and anticipated financial effects is incomplete or does not match the supporting records.

  • Resilience

    Sustainability reporting / relevant process owner

    IFRS S1.41–42

    Evidence Current approved records and review evidence supporting resilience.

    Watch for The published response for resilience is incomplete or does not match the supporting records.

Before you start

  • Have we mapped each material sustainability-related risk and opportunity to the relevant disclosures under IFRS S1.30–42? Are the five strategy areas complete, connected and consistent with one another and with the related financial statements?
＋ Show s1-29 sub-elements (LRA working checklist)

How to prepare it

Identify material sustainability-related risks and opportunities.
Map them to paragraphs 30–31.
Prepare business-model/value-chain effects under paragraph 32.
Prepare strategy/decision-making information under paragraph 33.
Prepare financial effects under paragraphs 34–40.
Prepare resilience under paragraphs 41–42.
Check connected information and consistency with financial statements.
Use paragraph 29 as a completeness map, not a standalone data request.

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 source packs and draft disclosures for the five IFRS S1 strategy areas: risks and opportunities; business model and value chain effects; strategy and decision-making; current and anticipated financial effects; and resilience. Identify the relevant risk or opportunity and report cross-reference for each area.

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 source packs and draft disclosures for the five IFRS S1 strategy areas: risks and opportunities; business model and value chain effects; strategy and decision-making; current and anticipated financial effects; and resilience. Identify the relevant risk or opportunity and report cross-reference for each area.

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

Confirm that the report addresses: risks and opportunities; business model and value chain effects; strategy and decision-making; current and anticipated financial effects; and resilience. Use direct cross-references to the detailed IFRS S1 requirements.

Context note

Apply IFRS S1.29 using the exact paragraph scope and cross-references stated in the official IFRS source.

Download Centre

Preparation tools & forms

Download preparation tools for s1-29 with free verified email access for 24 hours. Source-report links remain public.

Free · Email access
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 ↧

Check

For each claim, check the evidence

  • The disclosure addresses risks and opportunities accurately and completely.

    Risk The published response does not support this human-reviewed assurance check.

    Evidence to check Trace the statement to current approved records and the official IFRS source.

  • The disclosure addresses business model and value chain effects accurately and completely.

    Risk The published response does not support this human-reviewed assurance check.

    Evidence to check Trace the statement to current approved records and the official IFRS source.

  • The disclosure addresses strategy and decision-making accurately and completely.

    Risk The published response does not support this human-reviewed assurance check.

    Evidence to check Trace the statement to current approved records and the official IFRS source.

  • The disclosure addresses current and anticipated financial effects accurately and completely.

    Risk The published response does not support this human-reviewed assurance check.

    Evidence to check Trace the statement to current approved records and the official IFRS source.

  • The disclosure addresses resilience accurately and completely.

    Risk The published response does not support this human-reviewed assurance check.

    Evidence to check Trace the statement to current approved records and the official IFRS source.

Evidence pack to prepare

Common reporting gaps

  • Paragraph 29 treated as standalone datapoints.
  • One or more five areas omitted.
  • Financial effects replaced by general materiality statement.
  • Resilience confused with risk management.
  • Scenario analysis assumed mandatory for every S1 matter.
  • Generic strategy ambitions without risk/opportunity linkage.
  • Disconnected sections.
✓ Knowledge Hub AI Assistant · Human-in-the-loop
Dr Ross Kurinko

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Framework references

Relevant IFRS / ISSB requirements and related disclosures

IFRS / ISSB

s1-29

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

Open official source →

Guides that settle this question

Are IFRS S1 and IFRS S2 Mandatory? →Can One Climate Dataset Support UK SRS S2, IFRS S2, ESRS E1, TCFD and CDP? →Can One Dataset Support IFRS S1/S2, ESRS, GRI and CDP? →Choosing topics and metrics under IFRS S1 and S2 →

Related & explore

Fair presentation →Materiality →Reporting entity →Connected information →Core content architecture →Browse all disclosures →

More in IFRS S1 →Browse full catalogue →Search all disclosures →

How this library is built 1,211 published reports indexed 315,012 pages with page-level citations 272 published cards in the active catalogue
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