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IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information·Paragraphs 34–37

Current and anticipated financial effects

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

Paragraphs 34–37 · 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
6LRA preparation fields 6claims to verify 1evidence areas

Disclosure focus

This disclosure explains current effects on financial position, financial performance and cash flows and anticipated changes over the short, medium and long term. It also identifies risks with a significant risk of material adjustment to carrying amounts in the next annual period and applies the quantitative-information and relief requirements in IFRS S1.37–40.

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 financial effects Effects on financial position, financial performance and cash flows for the reporting period. Current approved records and review evidence supporting current financial effects. Sustainability reporting / relevant process owner
Significant risk of material adjustment Identify risks for which there is a significant risk of a material adjustment to carrying amounts of assets and liabilities within the next annual reporting period. Current approved records and review evidence supporting significant risk of material adjustment. Sustainability reporting / relevant process owner
Anticipated financial position changes Expected changes over short, medium and long term, considering investment/disposal plans and funding sources. Current approved records and review evidence supporting anticipated financial position changes. Sustainability reporting / relevant process owner
Anticipated financial performance and cash-flow changes Expected changes over short, medium and long term. Current approved records and review evidence supporting anticipated financial performance and cash-flow changes. Sustainability reporting / relevant process owner
Quantitative or qualitative information and relief assessment Apply paragraphs 37–40, including ranges, single amounts or qualitative information where permitted. Current approved records and review evidence supporting quantitative or qualitative information and relief assessment. Sustainability reporting / relevant process owner
Preparation basis Explain how financial effects were determined and material assumptions/uncertainties where required. Current approved records and review evidence supporting preparation basis. Sustainability reporting / relevant process owner
＋ Show s1-34-37 sub-elements (LRA working checklist)

How to prepare it

Map material risks/opportunities to financial statement effects.
Determine current effects.
Assess significant risk of material adjustment in next annual period.
Forecast anticipated effects across horizons.
Consider investment/disposal plans and funding sources.
Apply reasonable/supportable information and commensurate approach.
Apply paragraphs 38–40 reliefs.
Reconcile with financial statements and assumptions.
Review measurement uncertainty and 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 sustainability-related risk or opportunity, provide current effects on financial position, performance and cash flows; any significant risk of material adjustment to carrying amounts in the next annual period; anticipated changes over short, medium and long term; related investment/disposal plans and funding sources; and the basis and assumptions used.

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 sustainability-related risk or opportunity, provide current effects on financial position, performance and cash flows; any significant risk of material adjustment to carrying amounts in the next annual period; anticipated changes over short, medium and long term; related investment/disposal plans and funding sources; and the basis and assumptions used.

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

Prepare current financial effects; significant material-adjustment risks; anticipated financial-position, performance and cash-flow changes; investment/disposal and funding considerations; and the paragraph 37–40 quantitative/qualitative basis.

Context note

Apply IFRS S1.34–37 using the exact paragraph scope and cross-references stated in the official IFRS source.

Download Centre

Preparation tools & forms

Professional preparation tools for s1-34-37 — 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 effects cover position, performance and cash flows.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Significant material-adjustment risks 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.
Anticipated financial-position changes are described across horizons.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Anticipated performance/cash-flow changes are described.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Investment/disposal plans and funding sources are considered.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Paragraphs 37–40 and reliefs are correctly applied.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

Current effects only on profit.
Cash flows omitted.
Material error instead of material adjustment to carrying amounts.
Next annual period omitted.
Anticipated effects not split by horizons.
Generic investment/funding list.
Relief applied without required qualitative information.
Sustainability amounts inconsistent with financial statements.
✓ 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

s1-34-37

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

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Related & explore

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Go deeper · s1-34-37

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