IFRS S1 and S2 reporting checklist

Are the sustainability-related financial disclosures prepared for the same reporting entity as the related financial statements (IFRS S1.20, B38), covering the parent and all consolidated subsidiaries, with any entity for which data is estimated or incomplete identified?

Evidence: Reconciliation of the disclosure boundary to the consolidation perimeter in the related financial statements; entity-level data completeness log; estimation basis for any entity with incomplete data

Are the disclosures reported at the same time as the related financial statements and for the same reporting period (IFRS S1.64), and do they identify the financial statements to which they relate (IFRS S1.22)?

Evidence: Approval and publication timetable showing concurrent issue; reporting period agreed to the financial statements; identifying statement naming the entity and period

Are the disclosures provided as part of the general purpose financial reports (IFRS S1.60), clearly identifiable and not obscured where presented alongside information required by regulators (IFRS S1.62), and does any information included by cross-reference meet IFRS S1.B45 to B47?

Evidence: Documented location decision; cross-reference index; confirmation that each cross-referenced report is available on the same terms and at the same time as the disclosures

Has the entity identified material information, being information whose omission, misstatement or obscuring could reasonably be expected to influence decisions that primary users of general purpose financial reports make on the basis of those reports (IFRS S1.18), applying IFRS S1.B13 to B37, and are materiality judgements reassessed at each reporting date (IFRS S1.B28)?

Evidence: Materiality assessment directed at primary users; qualitative and quantitative thresholds applied; record of information judged immaterial and the basis; committee approval dated in the reporting period

Has the entity identified the sustainability-related risks and opportunities that could reasonably be expected to affect the entity's prospects throughout its value chain, using all reasonable and supportable information that is available at the reporting date without undue cost or effort (IFRS S1.B6), and does it reassess the scope of affected risks and opportunities on a significant event or significant change in circumstances (IFRS S1.B11)?

Evidence: Risk and opportunity inventory mapped across the value chain; information sources used; documented reassessment triggers and their application in the period

Has the entity referred to and considered the applicability of the disclosure topics (IFRS S1.55(a)) and the associated metrics (IFRS S1.58(a)) in the SASB Standards, and documented the basis for any conclusion that a topic or metric is not applicable in its circumstances?

Evidence: SASB industry classification with rationale; topic and metric applicability matrix with conclusions

Do the disclosures identify the specific standards, pronouncements, industry practice and other sources of guidance applied, including the SASB disclosure topics, and the industry or industries whose guidance was applied in identifying applicable metrics (IFRS S1.59)?

Evidence: Basis of preparation note listing each source; SASB industry applied; reference to the Industry-based Guidance on Implementing IFRS S2

Do the disclosures enable primary users to understand the connections between the items to which the information relates, and between disclosures within the sustainability-related financial disclosures and across them and the related financial statements (IFRS S1.21, B39 to B44)?

Evidence: Cross-reference map linking governance, strategy, risk management and metrics and targets; consistent risk identifiers; references to financial statement notes on impairment, provisions and expected credit losses

Are the data and assumptions used consistent, to the extent possible considering IFRS Accounting Standards or other applicable GAAP, with the corresponding data and assumptions in the related financial statements (IFRS S1.23, B42), and is the presentation currency of those financial statements used wherever currency is the unit of measure (IFRS S1.24)?

Evidence: Assumption reconciliation agreed with finance, covering carbon and commodity prices, asset useful lives and climate inputs to impairment and expected credit loss models; currency stated for each monetary amount

Unless the transition relief in IFRS S1.E5 is applied, does the entity provide governance, strategy, risk management and metrics and targets disclosures for each material sustainability-related risk and opportunity other than climate (IFRS S1.25 to 53)?

Evidence: Register of non-climate sustainability-related risks and opportunities with the four content areas addressed for each; or the disclosed statement that the IFRS S1.E5 relief is applied

Is comparative information disclosed in respect of the preceding period for all amounts disclosed in the reporting period, and for narrative and descriptive information where useful to an understanding of the current period (IFRS S1.70, B49 to B59), with any revised comparative explained?

Evidence: Comparative amounts presented for each metric; note on revised comparatives with reason and effect; record of the transition relief applied in the first period

Is an explicit and unreserved statement of compliance made only where the disclosures comply with all the requirements of IFRS Sustainability Disclosure Standards (IFRS S1.72), and is each omission under IFRS S1.73, for information prohibited by law or regulation or a commercially sensitive opportunity, supported against IFRS S1.B33 to B37?

Evidence: Paragraph-level compliance mapping; approved compliance statement; documented basis for each IFRS S1.73 omission

Does the entity disclose the judgements, apart from those involving estimations of amounts, that have the most significant effect on the information disclosed (IFRS S1.74), including those made in identifying risks and opportunities, determining sources of guidance, identifying material information and assessing significant events for value chain reassessment (IFRS S1.75)?

Evidence: Significant judgements note; supporting working papers for each judgement; committee review record

Does the entity identify the amounts disclosed that are subject to a high level of measurement uncertainty and, for each, disclose the sources of measurement uncertainty and the assumptions, approximations and judgements made in measuring it (IFRS S1.77 and 78)?

Evidence: Measurement uncertainty register covering, for example, Scope 3, financed emissions and anticipated financial effects; data quality assessment; estimation methodology for each amount

Does the entity identify the governance body(s) or individual(s) responsible for oversight of climate-related risks and opportunities, and disclose how those responsibilities are reflected in terms of reference, mandates, role descriptions and related policies, and how the body determines whether appropriate skills and competencies are available or will be developed (IFRS S2.6(a)(i) and (ii))?

Evidence: Board and committee charters; skills and competency assessment; director training records; use of external expertise

Does the entity disclose how and how often the governance body(s) or individual(s) is informed about climate-related risks and opportunities (IFRS S2.6(a)(iii))?

Evidence: Committee agendas and minutes for the reporting period; reporting calendar; standing climate risk reporting to the governance body

Does the entity disclose how the governance body takes climate-related risks and opportunities into account when overseeing strategy, decisions on major transactions and risk management processes and related policies, including whether it has considered trade-offs (IFRS S2.6(a)(iv))?

Evidence: Minutes evidencing climate considerations in strategy approval, major transactions, capital projects or credit risk appetite; risk appetite statement

Does the entity disclose how the governance body oversees the setting of climate-related targets and monitors progress towards them, including whether and how related performance metrics are included in remuneration policies (IFRS S2.6(a)(v), 29(g))?

Evidence: Target approval minutes; progress reporting to the governance body; remuneration policy and scorecards showing climate-related metrics

Does the entity disclose management's role in the governance processes, controls and procedures used to monitor, manage and oversee climate-related risks and opportunities, including any delegation to a management-level position or committee, how oversight of it is exercised, and how supporting controls and procedures are integrated with other internal functions (IFRS S2.6(b)), avoiding unnecessary duplication where oversight is integrated (IFRS S2.7)?

Evidence: Management committee terms of reference; responsibility matrix; documented controls over climate-related data and disclosures

Does the entity describe the climate-related risks and opportunities that could reasonably be expected to affect the entity's prospects, explain for each risk whether it is a physical or transition risk (IFRS S2.10(a) and (b)), and identify them using all reasonable and supportable information that is available at the reporting date without undue cost or effort, including past events, current conditions and forecasts of future conditions (IFRS S2.11)?

Evidence: Climate risk and opportunity register with physical or transition classification; hazard, policy and market information sources applied

Does the entity specify the time horizon, short, medium or long term, over which the effects of each climate-related risk and opportunity could reasonably be expected to occur, and explain how it defines those horizons and how they link to the planning horizons used for strategic decision-making (IFRS S2.10(c) and (d))?

Evidence: Time horizon definitions in years; linkage to business planning, capital planning and asset useful lives

Has the entity referred to and considered the applicability of the industry-based disclosure topics defined in the Industry-based Guidance on Implementing IFRS S2 in identifying its climate-related risks and opportunities (IFRS S2.12)?

Evidence: Industry classification applied; mapping of industry-based disclosure topics to the risk register with applicability conclusions

Does the entity describe the current and anticipated effects of climate-related risks and opportunities on its business model and value chain, and where in the business model and value chain they are concentrated, for example by geographical area, facility or type of asset (IFRS S2.13)?

Evidence: Asset, site and collateral location data mapped to physical hazards such as extreme heat, water stress and coastal flooding; supplier and customer concentration analysis

Does the entity disclose how it has responded to, and plans to respond to, climate-related risks and opportunities in its strategy and decision-making, covering current and anticipated changes to its business model and resource allocation, direct mitigation and adaptation efforts, and indirect mitigation and adaptation efforts (IFRS S2.14(a)(i) to (iii))?

Evidence: Strategy papers; resource allocation decisions; mitigation and adaptation programmes; customer and supply chain engagement programmes

Where the entity has a climate-related transition plan, does it disclose information about that plan, including the key assumptions used in developing it and the dependencies on which it relies (IFRS S2.14(a)(iv))? IFRS S2 requires disclosure about a plan the entity has; it does not require the entity to have one.

Evidence: Approved transition plan with key assumptions and dependencies documented; or documented confirmation that the entity has no transition plan

Does the entity disclose how it plans to achieve its climate-related targets, including any greenhouse gas emissions targets (IFRS S2.14(a)(v)), how it is resourcing and plans to resource those activities (IFRS S2.14(b)), and quantitative and qualitative information about the progress of plans disclosed in previous reporting periods (IFRS S2.14(c))?

Evidence: Budget and capital expenditure allocated to climate-related activities; progress tracking against plans disclosed in prior periods

Does the entity disclose quantitative and qualitative information about how climate-related risks and opportunities have affected its financial position, financial performance and cash flows for the reporting period, and identify those for which there is a significant risk of a material adjustment within the next annual reporting period to the carrying amounts of assets and liabilities in the related financial statements (IFRS S2.15(a), 16(a) and (b))?

Evidence: Finance analysis of climate-related costs, revenues, impairments and financing in the period; reconciliation to the estimation uncertainty disclosures in the financial statements

Does the entity disclose the anticipated financial effects on its financial position, financial performance and cash flows over the short, medium and long term, taking into consideration its investment and disposal plans, including those it is not contractually committed to, its planned sources of funding, and how climate-related risks and opportunities are included in its financial planning, as a single amount or a range (IFRS S2.15(b), 16(c) and (d), 17)?

Evidence: Financial plan incorporating climate-related scenarios or sensitivities; planned capital expenditure, acquisitions, divestments and asset retirements; funding plan

In preparing disclosures on anticipated financial effects, has the entity used all reasonable and supportable information that is available at the reporting date without undue cost or effort, with an approach commensurate with the skills, capabilities and resources available (IFRS S2.18)? Where quantitative information is not provided under IFRS S2.19 or 20, does the entity explain why, give qualitative information identifying the affected line items, totals and subtotals, and give combined financial effects unless that information would not be useful (IFRS S2.21)?

Evidence: Documented application of IFRS S2.19 and 20 for each risk and opportunity; list of affected financial statement line items; combined effects analysis

Does the entity disclose its assessment of climate resilience as at the reporting date, covering the implications for its strategy and business model, the significant areas of uncertainty, and its capacity to adjust or adapt over the short, medium and long term through the availability and flexibility of financial resources, the ability to redeploy, repurpose, upgrade or decommission assets, and current and planned investment (IFRS S2.22(a))?

Evidence: Climate resilience assessment; governance body review of the results; financial headroom and asset flexibility analysis

Has the entity used climate-related scenario analysis with an approach commensurate with its circumstances (IFRS S2.22, B1 to B18), and does it disclose the scenarios used and their sources, whether a diverse range was used, whether they relate to transition or physical risks, whether one is aligned with the latest international agreement on climate change, why the scenarios are relevant, and the time horizons and scope of operations used (IFRS S2.22(b)(i))?

Evidence: Scenario analysis methodology; named scenario sets and versions; documented proportionality assessment considering exposure, skills, capabilities and resources

Does the entity disclose the key assumptions in the analysis, covering climate-related policies in its jurisdictions, macroeconomic trends, national or regional variables, energy usage and mix, and developments in technology (IFRS S2.22(b)(ii)), and the reporting period in which the analysis was carried out, including where it follows a multi-year strategic planning cycle (IFRS S2.22(b)(iii), B18)?

Evidence: Assumptions register for the scenario analysis; date of analysis and its alignment to the strategic planning cycle

Does the entity disclose the inputs and parameters used in the processes to identify, assess, prioritise and monitor climate-related risks, including data sources and the scope of operations covered, and whether and how climate-related scenario analysis informs the identification of climate-related risks (IFRS S2.25(a)(i) and (ii))?

Evidence: Climate risk methodology; data source inventory; scope of operations in the assessment

Does the entity disclose how it assesses the nature, likelihood and magnitude of the effects of climate-related risks, including qualitative factors, quantitative thresholds or other criteria, and whether and how it prioritises climate-related risks relative to other types of risk (IFRS S2.25(a)(iii) and (iv))?

Evidence: Risk assessment criteria and thresholds; risk heat map; risk taxonomy treating climate as a driver of credit, market, liquidity, operational and other risks

Does the entity disclose how it monitors climate-related risks, and whether and how it has changed the processes used compared with the previous reporting period (IFRS S2.25(a)(v) and (vi))?

Evidence: Key risk indicators and limits; monitoring reports; methodology change log

Does the entity disclose the processes used to identify, assess, prioritise and monitor climate-related opportunities, including whether and how climate-related scenario analysis informs their identification (IFRS S2.25(b))?

Evidence: Opportunity identification and assessment process; pipeline of products, efficiency measures or sustainable finance; assessment criteria

Does the entity disclose the extent to which, and how, the processes for climate-related risks and opportunities are integrated into and inform its overall risk management process (IFRS S2.25(c)), avoiding unnecessary duplication where risk management is integrated across sustainability-related risks (IFRS S2.26)?

Evidence: Enterprise risk management framework; credit policy and underwriting criteria incorporating climate factors; capital planning and stress testing documentation

Does the entity disclose absolute gross greenhouse gas emissions generated during the reporting period in metric tonnes of CO2 equivalent, classified as Scope 1, Scope 2 and Scope 3 (IFRS S2.29(a)(i)), with Scope 1 and Scope 2 disaggregated between the consolidated accounting group and other investees such as associates, joint ventures and unconsolidated subsidiaries (IFRS S2.29(a)(iv))?

Evidence: GHG inventory for the reporting period; organisational boundary reconciled to the consolidated accounting group; separate emissions for associates, joint ventures and unconsolidated subsidiaries

Are greenhouse gas emissions measured in accordance with the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (2004), unless a jurisdictional authority or an exchange on which the entity is listed requires a different method (IFRS S2.29(a)(ii), B23 to B25)?

Evidence: Inventory management plan citing the GHG Protocol Corporate Standard; where another method is applied, the jurisdictional or exchange requirement that mandates it

Does the entity disclose the measurement approach, inputs and assumptions used to measure its greenhouse gas emissions, the reasons for choosing them, and any changes made during the reporting period with the reasons for those changes (IFRS S2.29(a)(iii), B26 to B29)?

Evidence: Emission factor sources and versions; activity data sources; methodology change log; base year recalculation policy

Does the entity disclose location-based Scope 2 greenhouse gas emissions, and information about any contractual instruments necessary to inform primary users' understanding of its Scope 2 emissions (IFRS S2.29(a)(v), B30 to B31)?

Evidence: Grid emission factors applied; contractual instruments held, such as energy attribute certificates and power purchase agreements; market-based figure where reported

Has the entity considered all 15 categories of the GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard (2011), disclosed the categories included in its measure of Scope 3 emissions (IFRS S2.29(a)(vi)(1), B32), and applied the Scope 3 measurement framework, prioritising inputs and assumptions using the characteristics in IFRS S2.B40 (IFRS S2.B38 to B57)?

Evidence: Scope 3 screening of all 15 categories with inclusion rationale; data quality assessment by category against the IFRS S2.B40 characteristics; supplier data requests

Does an entity with commercial banking activities disclose absolute gross financed emissions disaggregated by Scope 1, Scope 2 and Scope 3 for each industry by asset class, covering loans, project finance, bonds, equity investments and undrawn loan commitments; gross exposure to each industry by asset class in the presentation currency; the percentage of gross exposure included in the calculation, with exclusions explained; and the methodology, including the method of allocation (IFRS S2.29(a)(vi)(2), B62)? Test the industry classification against the December 2025 amendments (6.7).

Evidence: Financed emissions methodology and model; portfolio data by industry and asset class; reconciliation of gross exposure to the financial statements; explanation of exclusions

Does an entity with asset management activities disclose financed emissions by scope, the assets under management included and the percentage of total assets under management covered, with exclusions explained, and its methodology (IFRS S2.B61); and does an entity with insurance activities disclose financed emissions by scope for each industry by asset class, gross exposure, the percentage included and its methodology (IFRS S2.B63)?

Evidence: Portfolio coverage analysis; financed emissions methodology including the allocation method; assets under management or investment exposure reconciled to the financial statements

Does the entity disclose the cross-industry metrics for the amount and percentage of assets or business activities vulnerable to climate-related transition risks, vulnerable to climate-related physical risks, and aligned with climate-related opportunities (IFRS S2.29(b) to (d)), prepared using all reasonable and supportable information that is available at the reporting date without undue cost or effort (IFRS S2.30)?

Evidence: Asset and portfolio classification methodology; physical hazard exposure by site or collateral; definition of activities aligned with climate-related opportunities

Does the entity disclose the amount of capital expenditure, financing or investment deployed towards climate-related risks and opportunities (IFRS S2.29(e)), with reference to IFRS S2.B64 to B65?

Evidence: Capital expenditure tagged to climate-related projects; sustainable finance origination data; definitions applied

Does the entity explain whether and how it applies a carbon price in decision-making, such as investment decisions, transfer pricing and scenario analysis, and disclose the price per metric tonne of greenhouse gas emissions it uses (IFRS S2.29(f))?

Evidence: Investment appraisal policy; internal carbon price and its basis; or the disclosed statement that no internal carbon price is applied

Does the entity describe whether and how climate-related considerations are factored into executive remuneration, and disclose the percentage of executive management remuneration recognised in the current period that is linked to climate-related considerations (IFRS S2.29(g))?

Evidence: Remuneration policy; executive scorecards; calculation of the linked percentage reconciled to remuneration recognised in the period

Does the entity disclose industry-based metrics associated with its business models, activities or other common features of its industry, having referred to and considered the applicability of the metrics in the Industry-based Guidance on Implementing IFRS S2 (IFRS S2.32)?

Evidence: Industry-based metric applicability matrix with conclusions; data owner, source and calculation basis for each metric

For each quantitative and qualitative climate-related target set by the entity, and each target it is required to meet by law or regulation, does the entity disclose the metric, objective, part of the entity covered, period, base period, milestones and interim targets, whether absolute or intensity, and how the latest international agreement on climate change has informed it (IFRS S2.33(a) to (h))?

Evidence: Target register recording each IFRS S2.33 attribute; governance body approval of each target

Does the entity disclose whether each target and its methodology have been validated by a third party, its processes for reviewing the target, the metrics used to monitor progress and any revisions with explanations (IFRS S2.34), and its performance against each target with an analysis of trends or changes (IFRS S2.35)?

Evidence: Third-party validation where obtained; target review records; performance data for current and prior periods

For each greenhouse gas emissions target, does the entity disclose the gases and scopes covered, whether the target is gross or net (with the associated gross target where net), whether a sectoral decarbonisation approach was used, and its planned use of carbon credits, including reliance, verification scheme, credit type and credibility factors (IFRS S2.36, B68 to B71)?

Evidence: Target specification; carbon credit strategy identifying the third-party scheme, nature-based or technological basis, and reduction or removal

Has the entity identified the jurisdictional instrument that requires or permits application of IFRS S1 and IFRS S2, its date of initial application (IFRS S1.E2, IFRS S2.C2), and any transition relief the instrument modifies?

Evidence: Jurisdictional adoption instrument; confirmed first reporting period; schedule of reliefs permitted. Qatar applies the Standards to financial years beginning on or after 1 January 2026, and its regulators extend the Scope 3 relief to two years

Where the entity discloses only climate-related risks and opportunities in its first annual reporting period, applying IFRS S1 only insofar as it relates to climate, does it disclose that fact (IFRS S1.E5), and is the second-period comparative relief for other sustainability-related risks and opportunities applied correctly (IFRS S1.E6)?

Evidence: Disclosed statement of the relief in the basis of preparation; plan for non-climate disclosures from the second reporting period

Is the relief from disclosing comparative information in the first annual reporting period applied only to that period (IFRS S1.E3, IFRS S2.C3), with data captured to support full comparatives in the second period?

Evidence: Data collection plan covering the comparative period; record of the relief applied

Where the first-period disclosures are reported after the related financial statements, are they reported within IFRS S1.E4: with the next second-quarter or half-year interim general purpose financial report, or within nine months of the end of the annual reporting period where no interim report is provided, and does the jurisdictional instrument permit the relief?

Evidence: Publication date tested against IFRS S1.E4(a) to (c); regulator position on the relief. In Qatar the QFMA does not permit it for listed companies, while the QCB and QFCRA do

Where Scope 3 greenhouse gas emissions, including financed emissions for entities with asset management, commercial banking or insurance activities, are omitted in the first annual reporting period (IFRS S2.C4(b)), is the relief carried into comparative information only as IFRS S2.C5 permits, and is the Scope 3 data build on track for the following period?

Evidence: Scope 3 and financed emissions project plan; data requests issued; record of the relief applied

Where the entity used a method other than the GHG Protocol Corporate Standard (2004) in the annual reporting period immediately preceding the date of initial application, has it determined whether to continue that method under IFRS S2.C4(a), and planned the transition to the GHG Protocol?

Evidence: Description of the existing method; transition plan to the GHG Protocol Corporate Standard; base year recalculation where required

Has the entity assessed the December 2025 Amendments to Greenhouse Gas Emissions Disclosures, effective for annual reporting periods beginning on or after 1 January 2027 with early application permitted, which provide reliefs and clarifications on the measurement and disclosure of Scope 3 Category 15 emissions beyond financed emissions, the classification system used to disaggregate financed emissions information, and the measurement method and global warming potential values used, and documented its decision on early application?

Evidence: Impact assessment of the amendments against current methodology; approved decision on early application; updated methodology notes