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IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information·Paragraphs 51–53

Targets, metric consistency and clear labelling

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 51–53 · 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
10LRA preparation fields 10claims to verify 8evidence areas

Disclosure focus

This disclosure requires the entity to provide information about targets it has set to monitor progress towards achieving its strategic goals and targets it is required to meet by law or regulation. For each target, the entity discloses the metric used, the specific quantitative or qualitative target, the applicable period, the base period, any milestones and interim targets, performance against the target and an analysis of trends or changes in performance, and any revisions to the target with an explanation of those revisions.

The definition and calculation of metrics, including metrics used to set targets and monitor progress, must be consistent over time. Metrics and targets must be labelled and defined using meaningful, clear and precise names and descriptions. If a metric is redefined or replaced, the entity applies IFRS S1.B52.

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
Metric used for the target Identify the metric used both to set the target and to monitor progress towards reaching it. Current approved records and review evidence supporting metric used for the target. Sustainability reporting / relevant process owner
Specific target State the specific quantitative or qualitative target the entity has set or is required to meet. Current approved records and review evidence supporting specific target. Sustainability reporting / relevant process owner
Target period State the period over which the target applies. Current approved records and review evidence supporting target period. Sustainability reporting / relevant process owner
Base period State the base period from which progress is measured. Current approved records and review evidence supporting base period. Sustainability reporting / relevant process owner
Milestones and interim targets Disclose any milestones and interim targets that form part of the target pathway. Current approved records and review evidence supporting milestones and interim targets. Sustainability reporting / relevant process owner
Performance and trend analysis Report performance against each target and analyse trends or changes in the entity’s performance. Current approved records and review evidence supporting performance and trend analysis. Sustainability reporting / relevant process owner
Target revisions Disclose any revisions to the target and explain the reasons for those revisions. Current approved records and review evidence supporting target revisions. Sustainability reporting / relevant process owner
Metric consistency Confirm that the definition and calculation of the metric are consistent over time. Where a metric is redefined or replaced, apply IFRS S1.B52. Current approved records and review evidence supporting metric consistency. Sustainability reporting / relevant process owner
Clear labels and definitions Use meaningful, clear and precise names and descriptions for both the metric and the target. Current approved records and review evidence supporting clear labels and definitions. Sustainability reporting / relevant process owner
Target source Record internally whether the target was set by the entity to monitor a strategic goal or is required by law or regulation. Current approved records and review evidence supporting target source. Sustainability reporting / relevant process owner
＋ Show s1-51-53 sub-elements (LRA working checklist)

How to prepare it

Compile the targets the entity has set to monitor progress towards strategic goals and targets it is required to meet by law or regulation.
For each target, identify the metric used both to set the target and monitor progress.
Record the specific quantitative or qualitative target, the period over which it applies and the base period from which progress is measured.
Identify any milestones and interim targets established by the entity.
Calculate or compile performance against each target and prepare an analysis of trends or changes in performance.
Identify any revisions to the target and explain why they were made.
Check that the definition and calculation of each metric are consistent over time.
Where a metric was redefined or replaced, apply IFRS S1.B52, including revised comparative information unless impracticable.
Review metric and target names and descriptions to ensure they are meaningful, clear and precise.
Connect target information with the relevant sustainability-related risk or opportunity, strategy and performance metrics.

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 approved target pack for [target name] for [reporting period]. Please include: whether the target was set by the entity to monitor a strategic goal or is required by law or regulation; the metric used to set the target and monitor progress; the specific quantitative or qualitative target; the period over which the target applies; the base period; any milestones and interim targets; actual performance against the target and the multi-period information needed to analyse trends or changes; any revisions to the target and the reasons; and any changes to the metric definition or calculation method, including the comparative information prepared under IFRS S1.B52.

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 approved target pack for [target name] for [reporting period]. Please include: whether the target was set by the entity to monitor a strategic goal or is required by law or regulation; the metric used to set the target and monitor progress; the specific quantitative or qualitative target; the period over which the target applies; the base period; any milestones and interim targets; actual performance against the target and the multi-period information needed to analyse trends or changes; any revisions to the target and the reasons; and any changes to the metric definition or calculation method, including the comparative information prepared under IFRS S1.B52.

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 target, disclose the metric used to set it and monitor progress; the specific quantitative or qualitative target; the period over which it applies; the base period; any milestones and interim targets; performance against the target and an analysis of trends or changes in performance; and any target revisions with reasons. Confirm that metric definitions and calculations are consistent over time and that metrics and targets use meaningful, clear and precise names and descriptions. Apply IFRS S1.B52 where a metric is redefined or replaced. How to prepare it

Context note

Apply IFRS S1.51–53 using the exact paragraph scope and cross-references stated in the official IFRS source.

Download Centre

Preparation tools & forms

Professional preparation tools for s1-51-53 — 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
We identified the targets the entity has set to monitor progress towards achieving its strategic goals and targets it is required to meet 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.
For each target, we disclosed the metric used to set the target and monitor progress.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
For each target, we disclosed the specific quantitative or qualitative target.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
We disclosed the period over which each target applies and the base period from which progress is measured.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
We disclosed any milestones and interim targets established for each target.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
We reported performance against each target and provided an analysis of trends or changes in performance.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
We disclosed any revisions to targets and explained the reasons for those revisions.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
We confirmed that metric definitions and calculations were consistent over time.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
Where a metric was redefined or replaced, we applied IFRS S1.B52, including revised comparative information unless impracticable.The published response does not support this human-reviewed assurance check.Trace the statement to current approved records and the official IFRS source.
We labelled and defined metrics and targets using meaningful, clear and precise names and descriptions.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

Targets required by law or regulation are omitted.
A broad ambition, aim or commitment is presented as a target without a specific quantitative or qualitative outcome.
The metric used to set the target differs from the metric used to monitor progress without explanation.
The target period or base period is absent or unclear.
Existing milestones or interim targets are omitted.
The disclosure provides an “on track” status but no performance information or trend analysis.
Performance is reported without analysis of trends or changes.
A revised target is presented without identifying the revision or explaining the reason.
A target revision and a metric redefinition are treated as the same event.
A metric was redefined or replaced without applying IFRS S1.B52.
Comparative performance uses inconsistent metric definitions or calculation methods.
Metric or target labels are vague, promotional or inconsistent with the underlying definition.
A negative statement about the absence of milestones or target revisions is treated as universally mandatory.
Data-collection mistakes.
✓ 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

s1-51-53

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

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Go deeper · s1-51-53

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