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IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information·Paragraph 33

Strategy and decision-making

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 33 · 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
3LRA preparation fields 5claims to verify 1evidence areas

Disclosure focus

This disclosure covers the entity’s current and planned strategic responses, quantitative and qualitative progress against previously disclosed plans, and trade-offs between sustainability-related risks and opportunities. It should not be reduced to an action list or generic evidence of progress.

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
Current and planned response Explain how the entity has responded and plans to respond in strategy and decision-making. Current approved records and review evidence supporting current and planned response. Sustainability reporting / relevant process owner
Progress against previously disclosed plans Provide quantitative and qualitative progress information. Current approved records and review evidence supporting progress against previously disclosed plans. Sustainability reporting / relevant process owner
Trade-offs between sustainability-related risks and opportunities Explain trade-offs considered. Current approved records and review evidence supporting trade-offs between sustainability-related risks and opportunities. Sustainability reporting / relevant process owner
＋ Show s1-33 sub-elements (LRA working checklist)

How to prepare it

Start with material risks/opportunities.
Identify current and planned strategic responses.
Retrieve plans disclosed previously.
Prepare quantitative and qualitative progress.
Identify trade-offs between sustainability-related risks/opportunities.
Distinguish plans, targets and actions.
Verify status, scope and evidence.
Review connected information.

Request the data

Request the disclosure evidence

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

For each material risk or opportunity, provide the current and planned strategic response; identify any plan disclosed in a previous reporting period and provide quantitative and qualitative progress; and describe any trade-offs between sustainability-related risks and opportunities considered in decision-making.

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

Better request

For each material risk or opportunity, provide the current and planned strategic response; identify any plan disclosed in a previous reporting period and provide quantitative and qualitative progress; and describe any trade-offs between sustainability-related risks and opportunities considered in decision-making.

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 current and planned responses; provide quantitative and qualitative progress against previously disclosed plans; explain trade-offs between sustainability-related risks and opportunities.

Context note

Apply IFRS S1.33 using the exact paragraph scope and cross-references stated in the official IFRS source.

Download Centre

Preparation tools & forms

Professional preparation tools for s1-33 — 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
Current and planned responses are disclosed.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Previously disclosed plans are identified.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Quantitative progress is provided.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Qualitative progress is provided.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Trade-offs between sustainability-related risks/opportunities 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

Only current or only planned responses.
Progress against internal undisclosed plan.
Only quantitative or only qualitative progress.
Target progress substituted.
Generic trade-off unrelated to risks/opportunities.
Actions listed without strategic connection.
Aspiration presented as plan.
✓ 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

s1-33

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

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Related & explore

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

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Go deeper · s1-33

Learn to prepare this disclosure end-to-end

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