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

Targets, metric consistency and clear labelling

s1-51-53 · mandatory · narrative disclosure

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.

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

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.

Prepare

What to collect before drafting

Tick each field as the evidence lands. Owners are the teams that usually hold the source files.

  • Metric used for the target

    Sustainability reporting / relevant process owner

    Identify the metric used both to set the target and to monitor progress towards reaching it.

    Evidence Current approved records and review evidence supporting metric used for the target.

    Watch for The published response for metric used for the target is incomplete or does not match the supporting records.

  • Specific target

    Sustainability reporting / relevant process owner

    State the specific quantitative or qualitative target the entity has set or is required to meet.

    Evidence Current approved records and review evidence supporting specific target.

    Watch for The published response for specific target is incomplete or does not match the supporting records.

  • Target period

    Sustainability reporting / relevant process owner

    State the period over which the target applies.

    Evidence Current approved records and review evidence supporting target period.

    Watch for The published response for target period is incomplete or does not match the supporting records.

  • Base period

    Sustainability reporting / relevant process owner

    State the base period from which progress is measured.

    Evidence Current approved records and review evidence supporting base period.

    Watch for The published response for base period is incomplete or does not match the supporting records.

  • Milestones and interim targets

    Sustainability reporting / relevant process owner

    Disclose any milestones and interim targets that form part of the target pathway.

    Evidence Current approved records and review evidence supporting milestones and interim targets.

    Watch for The published response for milestones and interim targets is incomplete or does not match the supporting records.

  • Performance and trend analysis

    Sustainability reporting / relevant process owner

    Report performance against each target and analyse trends or changes in the entity’s performance.

    Evidence Current approved records and review evidence supporting performance and trend analysis.

    Watch for The published response for performance and trend analysis is incomplete or does not match the supporting records.

  • Target revisions

    Sustainability reporting / relevant process owner

    Disclose any revisions to the target and explain the reasons for those revisions.

    Evidence Current approved records and review evidence supporting target revisions.

    Watch for The published response for target revisions is incomplete or does not match the supporting records.

  • Metric consistency

    Sustainability reporting / relevant process owner

    Confirm that the definition and calculation of the metric are consistent over time. Where a metric is redefined or replaced, apply IFRS S1.B52.

    Evidence Current approved records and review evidence supporting metric consistency.

    Watch for The published response for metric consistency is incomplete or does not match the supporting records.

  • Clear labels and definitions

    Sustainability reporting / relevant process owner

    Use meaningful, clear and precise names and descriptions for both the metric and the target.

    Evidence Current approved records and review evidence supporting clear labels and definitions.

    Watch for The published response for clear labels and definitions is incomplete or does not match the supporting records.

  • Target source

    Sustainability reporting / relevant process owner

    Record internally whether the target was set by the entity to monitor a strategic goal or is required by law or regulation.

    Evidence Current approved records and review evidence supporting target source.

    Watch for The published response for target source is incomplete or does not match the supporting records.

Before you start

  • Have we identified both entity-set targets used to monitor strategic goals and targets required by law or regulation? For each target, can we identify the metric used to set it and monitor progress, the specific quantitative or qualitative target, the applicable period, the base period, and any milestones or interim targets?
  • Can we report performance against the target and analyse relevant trends or changes in performance? Were there any revisions to the target and, if so, can we explain them? Are metric definitions and calculations consistent over time? If a metric was redefined or replaced, have we applied IFRS S1.B52? Are the metric and target names and descriptions meaningful, clear and precise?
＋ 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

Download preparation tools for s1-51-53 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

  • 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.

    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.

  • For each target, we disclosed the metric used to set the target and monitor progress.

    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.

  • For each target, we disclosed the specific quantitative or qualitative target.

    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.

  • We disclosed the period over which each target applies and the base period from which progress is measured.

    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.

  • We disclosed any milestones and interim targets established for each target.

    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.

  • We reported performance against each target and provided an analysis of trends or changes in performance.

    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.

  • We disclosed any revisions to targets and explained the reasons for those revisions.

    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.

  • We confirmed that metric definitions and calculations were consistent over time.

    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.

  • Where a metric was redefined or replaced, we applied IFRS S1.B52, including revised comparative information unless impracticable.

    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.

  • We labelled and defined metrics and targets using meaningful, clear and precise names and descriptions.

    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

  • 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.
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Dr Ross Kurinko

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Framework references

Relevant IFRS / ISSB requirements and related disclosures

IFRS / ISSB

s1-51-53

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 →

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