ISSB Climate-related disclosure checklist

Local contact

EY Global CRS

7 Feb 2024 PDF

This checklist is intended to provide a summary of required climate-related disclosures set out in the ISSB Standards and related guidance.

Entities should refer directly to the relevant International Sustainability Standards (ISSB Standards) for the comprehensive disclosure requirements and additional context.

An entity that prepares sustainability-related financial disclosures in accordance with the ISSB Standards must always apply IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information (IFRS S1). IFRS S1 identifies the essential elements of a complete set of sustainability-related disclosures and sets out the qualitative characteristics of useful sustainability-related financial information. That is, an entity will apply IFRS S1 in preparing and reporting sustainability-related financial disclosures for the full ‘universe’ of sustainability-related information. IFRS S2 Climate-related disclosures (IFRS S2) further specifies the information an entity is required to disclose about climate-related risks and opportunities. IFRS S1 and IFRS S2 must always be applied together. Therefore, this checklist includes disclosure requirements from both IFRS S1 and IFRS S2. For the purposes of this checklist, the wording of the related paragraphs in IFRS S1 has been amended from the more generic term ‘sustainability-related financial information’ to the more specific term ‘climate-related financial information’ to avoid confusion.

Note that the paragraph references related to the disclosure requirements in IFRS S1 have been retained, so that the user of the checklist can refer directly to IFRS S1 for more information.

Note that, while this checklist includes the relevant disclosure requirements from IFRS S1, it does not address the disclosures of any other sustainability risks and opportunities, apart from climate. This checklist is updated annually, to include any amendments to IFRS S1 or S2 that may have been made by the ISSB.

ISSB Standards are effective for annual reporting periods on or after 1 January 2024.

Entities applying the ISSB Standards under a local endorsement mechanism must consider the relevant local effective dates.

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