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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
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IFRS S2: Climate-related Disclosures·Paragraph 13
Business model and value chain
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.
Published passport
Last reviewed 2026-07-30
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 S2: Climate-related Disclosures
Paragraph 13 · Issued 2023 · Effective from 1 January 2024
Last reviewed
2026-07-30
LRA educational guidance · Not issued or endorsed by IFRS Foundation
To prepare this disclosure
Disclosure focus
This disclosure enables users to understand the current and anticipated effects of climate-related risks and opportunities on the entity’s business model and value chain.
Explain current and anticipated effects and concentrations using entity-specific categories; cross-reference paragraph 14 responses and paragraphs 15–21 financial effects.
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 and anticipated effects | Describe the current and anticipated effects of climate-related risks and opportunities on the business model and value chain. | Current approved records and review evidence supporting current and anticipated effects. | Sustainability reporting / relevant process owner |
| Concentrations of risks and opportunities | Describe where climate-related risks and opportunities are concentrated using relevant entity-specific categories. | Current approved records and review evidence supporting concentrations of risks and opportunities. | Sustainability reporting / relevant process owner |
＋ Show s2-13 sub-elements (LRA working checklist)
Describe effects and concentrations for risks and opportunities; link to identified matter; use relevant concentration categories.
How to prepare it
Start with S2.10–12 matters; determine scope; describe current effects; anticipated effects; concentrations; connect responses/financial effects/resilience; reassess after change; verify opportunities and evidence.
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 current effects, anticipated effects, concentrations, relevant relationships/operations, horizons, assumptions and evidence. Do not require all three geography/facility/asset breakdowns.
Use the organisation's own role and document names, but preserve the defined IFRS / ISSB terms and the scope described above.
Better request
Request current effects, anticipated effects, concentrations, relevant relationships/operations, horizons, assumptions and evidence. Do not require all three geography/facility/asset breakdowns.
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
Describe effects and concentrations for risks and opportunities; link to identified matter; use relevant concentration categories.
Context note
Apply IFRS S2.13 using the exact paragraph scope and cross-references stated in the official IFRS source.
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Preparation tools & forms
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Assurance readiness
For each claim, check the evidence
| Claim | Risk | Evidence to check |
|---|---|---|
| Current and anticipated effects described. | The published response does not support this human-reviewed assurance check. | Trace the statement to current approved records and the official IFRS source. |
| Current versus anticipated distinguished. | The published response does not support this human-reviewed assurance check. | Trace the statement to current approved records and the official IFRS source. |
| Concentrations of risks and opportunities described with relevant categories. | The published response does not support this human-reviewed assurance check. | Trace the statement to current approved records and the official IFRS source. |
| Effects/concentrations linked to matters and supported by scope/evidence. | 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
Risks listed without effects.
Only current/anticipated.
Responses used as effects.
Paragraph 14 changes substituted.
Opportunities omitted.
Mandatory three-category breakdown.
Percentages without explanation.
Direct operations only.
Narrow supply-chain definition.
One boundary.
Generic wording.
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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
s2-13
within IFRS S2: Climate-related Disclosures
Related & explore
Climate-related risks and opportunities → CardIdentification inputs and industry topics → CardObjective →Strategy response and transition plan → CardResourcing of climate actions →
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