IFRS S2 Climate-related Disclosures: A Technical Overview
What does well-structured climate reporting require? Episode 6 of GreenCo's Singapore Green Plan series gives a technical overview of IFRS S2 Climate-related Disclosures, the climate-specific standard designed to be used with IFRS S1. Effective from 1 January 2024, IFRS S2 requires companies to disclose information about climate-related physical and transition risks, as well as climate-related opportunities.
Key Components of IFRS S2
- Climate governance and strategy – board oversight of climate matters, and how climate risks and opportunities shape strategy and transition plans.
- Climate risk management – processes to identify, assess and manage climate-related risks.
- Climate metrics and targets – including Scope 1, Scope 2 and Scope 3 greenhouse gas emissions and climate-related targets.
- Climate resilience – assessed using climate-related scenario analysis.
- Financial impact – the current and anticipated financial effects of climate-related risks and opportunities.
Why IFRS S2 Matters
IFRS S2 is the basis for mandatory climate reporting in Singapore and many other markets. Understanding it is critical for meeting stakeholder expectations and managing climate-related financial risks. Explore GreenCo's climate scenario analysis and GHG emissions calculation services.
Watch the Full Singapore Green Plan Series
Previous: Episode 5 – IFRS S1 Explained
Next: Episode 7 – SRAC's Climate Reporting Recommendations
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Learn with GreenCo: All-Round ESG Advisory, Built from Scratch
These learning videos are produced by GreenCo, an ESG and climate risk advisory firm in Singapore and Hong Kong that has supported more than 80 listed companies since 2016. We provide all-round ESG advisory services under one roof, from sustainability reporting and climate disclosures to GHG accounting, climate scenario analysis, ESG ratings and assurance. We can build your ESG framework, data processes and reports from scratch, and our consultants stay actively involved throughout the whole project, not just at kick-off and sign-off.
We use AI and digital tools to work faster, but AI is a tool, not the advice. The real value comes from our consultants' professional judgement: understanding your business, interpreting the rules, challenging the numbers and making sure every disclosure stands up to scrutiny.
Our Values
- Integrity – credible, decision-useful disclosures, prevent greenwashing.
- Partnership – hands-on involvement from day one to end of project.
- Tailored expertise – solutions built around your business.
- Knowledge sharing – making ESG regulations clear and accessible for everyone.
- Innovation – using technology to make sustainability work more efficient.
Our Team's Professional Credentials
- Fellow Certified Public Accountant (FCPA)
- Chartered Financial Analyst (CFA) – CFA Institute
- Financial Risk Manager (FRM) – Global Association of Risk Professionals (GARP)
- Certified ESG Analyst (CESGA)
- Sustainable Investing Certificate – CFA Institute
- GRI Certified Professional
- Practitioner Member – Institute of Sustainability and Environmental Professionals (ISEP)
- GRI Certified Sustainability Professional – Global Reporting Initiative (GRI)