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IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information·Paragraphs 46–48

Metrics for each sustainability-related risk and opportunity

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 46–48 · 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
5LRA preparation fields 6claims to verify 9evidence areas

Disclosure focus

The objective of the metrics and targets disclosures is to enable users of general purpose financial reports to understand the entity’s performance in relation to its sustainability-related risks and opportunities, including progress towards targets the entity has set and targets it is required to meet by law or regulation.

This disclosure requires the entity to provide, for each sustainability-related risk and opportunity that could reasonably be expected to affect its prospects, the metrics required by applicable IFRS Sustainability Disclosure Standards and the metrics the entity uses to measure and monitor the risk or opportunity and its related performance. Performance metrics include metrics used to monitor progress towards targets set by the entity and targets it is required to meet by law or regulation.

Where no IFRS Sustainability Disclosure Standard specifically applies, the entity applies IFRS S1.57–58 to identify applicable metrics. The disclosed metrics must also include industry-based metrics associated with the entity’s business models, activities or other common features that characterise participation in an industry.

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
Metrics required by applicable IFRS Sustainability Disclosure Standards Identify and disclose the metrics required by each IFRS Sustainability Disclosure Standard applicable to the sustainability-related risk or opportunity. These metrics are required even if the entity does not use them internally. Current approved records and review evidence supporting metrics required by applicable ifrs sustainability disclosure standards. Sustainability reporting / relevant process owner
Metrics used to measure and monitor risks and opportunities Identify the metrics the entity uses to measure and monitor each sustainability-related risk or opportunity that could reasonably be expected to affect its prospects. Current approved records and review evidence supporting metrics used to measure and monitor risks and opportunities. Sustainability reporting / relevant process owner
Metrics used to measure performance Identify the metrics the entity uses to measure its performance in relation to each risk or opportunity, including progress towards targets it has set and targets it is required to meet by law or regulation. Current approved records and review evidence supporting metrics used to measure performance. Sustainability reporting / relevant process owner
Applicable metrics where no specific Standard applies Where no IFRS Sustainability Disclosure Standard specifically applies, document how IFRS S1.57–58 were applied to identify relevant and faithfully representative metrics. Current approved records and review evidence supporting applicable metrics where no specific standard applies. Sustainability reporting / relevant process owner
Industry-based metrics Identify the metrics associated with the entity’s particular business models, activities or other common features that characterise participation in an industry. Current approved records and review evidence supporting industry-based metrics. Sustainability reporting / relevant process owner
＋ Show s1-46-48 sub-elements (LRA working checklist)

How to prepare it

Start with the sustainability-related risks and opportunities disclosed under IFRS S1.30(a).
For each risk or opportunity, identify all metrics required by an applicable IFRS Sustainability Disclosure Standard.
Identify the metrics the entity actually uses to measure and monitor the risk or opportunity.
Identify the metrics the entity uses to measure related performance, including progress towards voluntary and legally required targets.
Where no specific IFRS Sustainability Disclosure Standard applies, use IFRS S1.57–58 to identify relevant and faithfully representative metrics, including by referring to and considering applicable SASB metrics.
Identify applicable industry-based metrics under IFRS S1.48.
Apply IFRS S1.49–50 to externally sourced and entity-developed metrics.
Review the metrics for materiality, connected information, meaningful labels and consistency with the related risk, opportunity and target disclosures.
Apply IFRS S1.52 and B52 if a metric has been redefined or replaced.

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 metric mapping for [risk or opportunity] for [reporting period]. Include: metrics required by any applicable IFRS Sustainability Disclosure Standard; metrics management uses to measure and monitor the risk or opportunity; metrics used to measure related performance, including progress towards voluntary or legally required targets; applicable metrics identified through IFRS S1.57–58 where no specific Standard applies; applicable industry-based metrics; the source, definition, unit or measure type, calculation method, assumptions and limitations for each metric; and whether the metric is taken from another source or was developed by the entity.

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 metric mapping for [risk or opportunity] for [reporting period]. Include: metrics required by any applicable IFRS Sustainability Disclosure Standard; metrics management uses to measure and monitor the risk or opportunity; metrics used to measure related performance, including progress towards voluntary or legally required targets; applicable metrics identified through IFRS S1.57–58 where no specific Standard applies; applicable industry-based metrics; the source, definition, unit or measure type, calculation method, assumptions and limitations for each metric; and whether the metric is taken from another source or was developed by the entity.

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

For each relevant sustainability-related risk and opportunity, identify: the metrics required by applicable IFRS Sustainability Disclosure Standards; the metrics the entity uses to measure and monitor the matter; the metrics used to measure related performance, including target progress; applicable metrics identified through IFRS S1.57–58 where no specific Standard applies; and applicable industry-based metrics. How to prepare it

Context note

Apply IFRS S1.46–48 using the exact paragraph scope and cross-references stated in the official IFRS source.

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Preparation tools & forms

Professional preparation tools for s1-46-48 — 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.

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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
For each material sustainability-related risk and opportunity, we identified and disclosed the metrics required by applicable IFRS Sustainability Disclosure Standards.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
We identified the metrics the entity uses to measure and monitor each risk or opportunity.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
We identified the metrics the entity uses to measure related performance, including progress towards targets set by the entity and targets required by law or regulation.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Where no specific IFRS Sustainability Disclosure Standard applies, we applied IFRS S1.57–58 and documented the judgement used to identify relevant and faithfully representative metrics.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
We identified and disclosed applicable industry-based metrics associated with the entity’s business models, activities or other common features that characterise participation in an industry.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
For metrics taken from other sources or developed by the entity, we applied the relevant requirements in IFRS S1.49–50 and retained supporting definitions, methods, inputs, limitations and assumptions.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

Metrics required by an applicable IFRS Sustainability Disclosure Standard are omitted because management does not use them internally.
Only management KPIs are disclosed, with no assessment of applicable IFRS-required or industry-based metrics.
A metric is not clearly connected to a specific sustainability-related risk, opportunity or related performance.
Target-progress metrics omit targets required by law or regulation.
Where no specific Standard applies, IFRS S1.57–58 and the mandatory consideration of SASB metrics are not applied.
A peer benchmark or generic sector average is incorrectly presented as an industry-based metric.
The disclosure lists metric names but does not provide the information required by IFRS S1.49–50 for externally sourced or entity-developed metrics.
Every available operational KPI is included, obscuring material information.
An entity-developed metric is included even though it is not used to measure or monitor the relevant risk, opportunity or performance.
Metric changes are described as ordinary fluctuations rather than applying IFRS S1.52 and B52.
Metric names are vague and do not comply with the clear and precise labelling requirement in IFRS S1.53.
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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

s1-46-48

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

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