The IFRS S1 General Requirements for Disclosure of Sustainability‑related Financial Information and IFRS S2 Climate-related Disclosures will come into force from January 2024.

The guidance focuses on how to help companies consider ‘nature and social aspects’ of climate-related risks and opportunities when applying IFRS S2, but does not affect the fundamental principles in the standards.

It includes three detailed examples that help illustrate how companies might approach these aspects of their climate-related disclosures.