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IFRS S1 & S2 Standards on Sustainability Disclosures

$
1800.00
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1 day | 8 academic hours

Training objectives
Training program IFRS S1
Training program IFRS S2

Training objectives

  • Disclosure requirements of IFRS S1 and S2 in financial reporting
  • Become familiar with the processes of identifying and assessing sustainability risks and opportunities, and climate-related risks
  • Become familiar with the concept and succession of TCFD
  • Become familiar with the concept of setting targets for climate risk management
  • Become familiar with the Greenhouse Gas Protocol, scopes 1, 2 and 3
  • Determine the main directions for the preparation of information

Training program IFRS S1

IFRS S1: General Requirements for Disclosure of Sustainability-Related Financial Information
Scope of IFRS S1. Requirement to identify sustainability risks and opportunities. Identification of sustainability risks and opportunities
  • Process: initial data and parameters
  • Scenario analysis, probability and significance, prioritization, monitoring
  • Changing processes
Reasonable and Supplementary Information for Disclosures. Recommended Sources for Identifying Sustainability Risks and Opportunities and Determining Materiality of Financial Information. Fair Presentation and Qualitative Characteristics of Sustainability-Related Financial Information.
Task Force on Climate-Related Financial Disclosures (TCFD): Governance and Strategy. Current and potential effects of sustainability risks and opportunities on
  • business model and value chain, its resilience to risks
  • enterprise strategy and decision-making
  • financial position, financial performance and cash flow
Target values of metrics required by IFRS S1 and developed by the entity, measurement periods, the process for changing them.
Effective date and transitional provisions.
Presentation of disclosures about sustainability risks and opportunities.

Training program IFRS S2

IFRS S2: Climate-related Disclosures
  • Identification and classification of climate-related risks and opportunities: industry guidance, use of reasonable and supporting information
  • Comparison with TCFD guidance
  • Governance and strategy under IFRS S2
  • Disclosure of the effect of climate-related risks and opportunities on entity strategy and decision-making
  • Disclosure of the effect of climate-related risks and opportunities on the resilience of the business model and entity strategy
Risk management
Cross-sector metrics: greenhouse gas emissions (scopes 1, 2, 3)
  • Assets and activities exposed to climate transition risks, physical risks, or climate opportunities
  • Capital expenditure linked to climate risks and opportunities
  • Internal carbon pricing
  • Key employee compensation
Industry metrics
  • Climate goals: setting targets, disclosures, performance
  • Greenhouse gas emissions: assessment and review
  • Greenhouse Emissions Protocol
  • Date of application and exemptions for IFRS S2