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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
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IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information·Paragraph 29
Strategy disclosure objective
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.
Published passport
Last reviewed 2026-07-30
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 29 · Issued 2023 · Effective from 1 January 2024
Last reviewed
2026-07-30
LRA educational guidance · Not issued or endorsed by IFRS Foundation
To prepare this disclosure
Disclosure focus
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.
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.
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 |
|---|---|---|---|
| Risks and opportunities | IFRS S1.30–31 | Current approved records and review evidence supporting risks and opportunities. | Sustainability reporting / relevant process owner |
| Business model and value chain effects | IFRS S1.32 | Current approved records and review evidence supporting business model and value chain effects. | Sustainability reporting / relevant process owner |
| Strategy and decision-making | IFRS S1.33 | Current approved records and review evidence supporting strategy and decision-making. | Sustainability reporting / relevant process owner |
| Current and anticipated financial effects | IFRS S1.34–40 | Current approved records and review evidence supporting current and anticipated financial effects. | Sustainability reporting / relevant process owner |
| Resilience | IFRS S1.41–42 | Current approved records and review evidence supporting resilience. | Sustainability reporting / relevant process owner |
＋ Show s1-29 sub-elements (LRA working checklist)
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.
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
Professional preparation tools for s1-29 — 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.
Assurance readiness
For each claim, check the evidence
| Claim | Risk | Evidence to check |
|---|---|---|
| The disclosure addresses risks and opportunities accurately and completely. | The published response does not support this human-reviewed assurance 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. | The published response does not support this human-reviewed assurance check. | Trace the statement to current approved records and the official IFRS source. |
| The disclosure addresses strategy and decision-making accurately and completely. | The published response does not support this human-reviewed assurance check. | Trace the statement to current approved records and the official IFRS source. |
| The disclosure addresses current and anticipated financial effects accurately and completely. | The published response does not support this human-reviewed assurance check. | Trace the statement to current approved records and the official IFRS source. |
| The disclosure addresses resilience accurately and completely. | 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
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.
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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
s1-29
within IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information
Related & explore
Fair presentation →Materiality →Reporting entity →Connected information →Core content architecture →
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