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ISSB Training Partner IFRS S1 · General Requirements for Disclosure of Sustainability-related Financial Information · Paragraph 33

Strategy and decision-making

s1-33 · mandatory · narrative disclosure

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.

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 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.

  • Current and planned response

    Sustainability reporting / relevant process owner

    Explain how the entity has responded and plans to respond in strategy and decision-making.

    Evidence Current approved records and review evidence supporting current and planned response.

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

  • Progress against previously disclosed plans

    Sustainability reporting / relevant process owner

    Provide quantitative and qualitative progress information.

    Evidence Current approved records and review evidence supporting progress against previously disclosed plans.

    Watch for The published response for progress against previously disclosed plans is incomplete or does not match the supporting records.

  • Trade-offs between sustainability-related risks and opportunities

    Sustainability reporting / relevant process owner

    Explain trade-offs considered.

    Evidence Current approved records and review evidence supporting trade-offs between sustainability-related risks and opportunities.

    Watch for The published response for trade-offs between sustainability-related risks and opportunities is incomplete or does not match the supporting records.

Before you start

  • Can we explain current and planned responses to each material risk or opportunity? Which plans were disclosed previously and what quantitative and qualitative progress is available? Which trade-offs between sustainability-related risks and opportunities were considered?
＋ 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

Download preparation tools for s1-33 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

  • Current and planned responses are disclosed.

    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.

  • Previously disclosed plans are identified.

    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.

  • Quantitative progress is provided.

    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.

  • Qualitative progress is provided.

    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.

  • Trade-offs between sustainability-related risks/opportunities are explained.

    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

  • 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.
✓ Knowledge Hub AI Assistant · Human-in-the-loop
Dr Ross Kurinko

Ask the Knowledge Hub AI Assistant about this disclosure

Get practical answers for your reporting context.

Try How do I prepare s1-33? What data do I need to collect? What mistakes should I avoid?

Framework references

Relevant IFRS / ISSB requirements and related disclosures

IFRS / ISSB

s1-33

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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