HKICPA Issues Practical Guidance on HKFRS S1 and S2 – Part 1

Practical Guidance on HKFRS S1 and S2 – Part 1

The Hong Kong Institute of Certified Public Accountants (HKICPA) has released HKFRS S1 and S2 Guidance – Part 1 (“the Guidance”), a practical application resource designed to help both sustainability and non-sustainability professionals navigate the new HKFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information and HKFRS S2 – Climate-related Disclosures (collectively, HKFRS SDS).

A Step-by-Step Approach to Implementation

Part 1 of the Guidance provides a clear, step-by-step roadmap for addressing common implementation questions on foundational topics. It includes:

• Practical examples to illustrate application.
• Insights drawn from emerging market practices.
• Actionable tips to streamline compliance processes.

Designed for Practitioners Across Disciplines

The Guidance bridges the gap between technical accounting requirements and practical sustainability reporting, making it relevant to professionals from finance, ESG, risk, and operational backgrounds alike.

Quick Access with AI Greene

While we recommend reading the full, well-structured Guidance in detail, GreenCo’s AI agent “Greene” has also reviewed the content and can deliver instant answers on key insights and practical takeaways. Whether you need a quick refresher or a targeted answer, simply chat with Greene to recall the essentials and navigate complex requirements with ease.

Your Next Step

Read the full Guidance to understand the complete framework, and explore how AI Greene can help you integrate HKFRS S1 and S2 requirements into your sustainability reporting processes.