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ISSB Training Partner IFRS S2 · Climate-related Disclosures · Paragraphs 11–12

Identification requirements and industry-based disclosure topics

s2-11-12 · mandatory · narrative disclosure

Use all reasonable and supportable information available at the reporting date without undue cost or effort, including past events, current conditions and forecasts. Refer to and consider the applicability of IFRS S2 industry-based disclosure topics. Use the conclusions to identify risks and opportunities under IFRS S2.10.

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.

  • Reasonable and supportable information

    Sustainability reporting / relevant process owner

    Use all reasonable and supportable information available at the reporting date without undue cost or effort, covering past events, current conditions and forecasts.

    Evidence Current approved records and review evidence supporting reasonable and supportable information.

    Watch for The published response for reasonable and supportable information is incomplete or does not match the supporting records.

  • Industry-based disclosure topics

    Sustainability reporting / relevant process owner

    Refer to and consider the applicability of the industry-based disclosure topics defined in the Industry-based Guidance on Implementing IFRS S2.

    Evidence Current approved records and review evidence supporting industry-based disclosure topics.

    Watch for The published response for industry-based disclosure topics is incomplete or does not match the supporting records.

Before you start

  • Have we used reasonable and supportable information covering past, current and forecast conditions? Have we identified relevant industries and considered applicable disclosure topics? Have we mapped the conclusions to IFRS S2.10 and considered significant-judgement disclosure?
＋ Show s2-11-12 sub-elements (LRA working checklist)

How to prepare it

Start with IFRS S2.10 objective.
Gather reasonable/supportable information.
Cover past/current/forecast conditions.
Identify relevant industries.
Consider applicable disclosure topics.
Identify entity-specific risks/opportunities.
Map to S2.10 and other disclosures.
Retain evidence and assess significant judgements.

Request the data

Request the disclosure evidence

Translate the disclosure into an internal business question — then adapt it to your organisation's own language.

Request internal working pack: past-event information, current conditions, forecasts/scenario information used, relevant industries, topic applicability assessment, resulting risks/opportunities, significant judgements and review records. Distinguish internal evidence from public disclosure.

Use the organisation's own role and document names, but preserve the defined IFRS / ISSB terms and the scope described above.

Better request

Request internal working pack: past-event information, current conditions, forecasts/scenario information used, relevant industries, topic applicability assessment, resulting risks/opportunities, significant judgements and review records. Distinguish internal evidence from public disclosure.

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

Use the two requirements and map resulting risks/opportunities; consider IFRS S1.74–75 for significant judgements.

Context note

Apply IFRS S2.11–12 using the exact paragraph scope and cross-references stated in the official IFRS source.

Download Centre

Preparation tools & forms

Download preparation tools for s2-11-12 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

  • Reasonable/supportable information used.

    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.

  • Past/current/forecast information considered.

    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.

  • Industry-based disclosure topics considered.

    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.

  • Conclusions mapped to S2.10.

    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.

  • Significant judgements documented and assessed under S1.74–75.

    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

  • Page treated as five public datapoints.
  • Current internal information only.
  • Scenario analysis made universal.
  • Metrics substituted for topics.
  • Only one industry assessed.
  • Guidance treated as exhaustive.
  • Issue excluded for lack of data.
  • Materiality applied too early.
  • Public exclusion/source lists treated as required.
✓ Knowledge Hub AI Assistant · Human-in-the-loop
Dr Ross Kurinko

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Framework references

Relevant IFRS / ISSB requirements and related disclosures

IFRS / ISSB

s2-11-12

within IFRS S2: Climate-related Disclosures

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? →Climate risks, scenario analysis and resilience under IFRS S2 →First-Time Application of IFRS S1 and IFRS S2 →

Related & explore

Climate-related risks and opportunities → CardObjective →Business model and value chain impact → CardStrategy response and transition plan → CardResourcing of climate actions →Browse all disclosures →

More in IFRS S2 →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
/en/knowledge-hub/disclosure-cards/s2-11-12/