Appendix A: Sample worksheet for IFRS S1 General requirements for disclosure of sustainability-related financial information

Disclaimer: This sample worksheet calls out some of the key requirements of IFRS S1. It does not contain all the requirements in the standard and does not substitute reading all the ISSB Standards.

Ref Objective Required information

Disclose information about the organisation's sustainability-related risks and Information about the SRROs that could reasonably be expected to affect the organisation's cash flows, its access to finance or cost of
opportunities (SRROs) that is useful to primary users of general purpose capital over the short, medium or long term. For the purposes of IFRS S1, these risks and opportunities are collectively referred to as
- financial reports ('primary users') in making decisions relating to providing ‘SRROs that could reasonably be expected to affect the organisation’s prospects’.
resources to the organisation.

GOVERNANCE Governance processes, controls and procedures the organisation uses to monitor and manage SRROs.

I Enable understanding of the governance processes, controls and procedures

an entity uses to monitor, manage and oversee sustainability-related risks and
opportunities (SRROs).

STRATEGY (a) SRROs that could reasonably be expected to affect the organisation's prospects. [IFRS S1, paragraphs 30-31]
(b) Current and anticipated effects of those SRROs on the organisation's business model and value chain. [IFRS S1, paragraph 32]
Enable understanding of the organisation's strategy for managing SRROs. (c) Effects of those SRROs on the organisation's strategy and decision-making. [IFRS S1, paragraph 33]
(d) Effects of those SRROs on the organisation's financial position, financial performance and cash flows for the reporting period, and
II anticipated effects of those SRROs on the organisation's financial position, financial performance and cash flows over the short, medium
and long term, taking into consideration how those SRROs have been factored into the organisation's financial planning [IFRS S1,
paragraphs 34-40]
(e) Resilience of the organisation's strategy and its business model to those SRROs. [IFRS S1, paragraphs 41-42]

RISK MANAGEMENT (a) Processes and related policies used to identify, assess, prioritise and monitor sustainability-related risks.
(b) Processes used to identify, assess, prioritise and monitor sustainability-related opportunities.
(a) Enable understanding of the organisation's processes to identify, assess, (c) Extent to which, and how, the processes in (a) and (b) are integrated into and inform the organisation's overall risk management
prioritise and monitor SRROs, including whether and how those processes are process.
III integrated into and inform the organisation's overall risk management process

(b) Enable assessment of the organisation's overall risk profile and its overall
risk management process

METRICS AND TARGETS For each SRRO,

(a) metrics required by an applicable ISSB Standard; and
Enable understanding of the organisation's performance in relation to its (b) metrics used to measure and monitor that SRRO and its performance in relation to that SRRO, including progress towards any targets
IV SRROs, including progress towards any targets the organisation has set, and any targets it is required to meet by law or regulation.
(a) the organisation has set; and
(b) the organisation is required to meet by law or regulation.

I. GOVERNANCE

No. Areas for disclosure Reference Disclosure

About the governance body(ies)
Identify parties responsible for oversight of SRROs. IFRS S1,
paragraph 27(a)
1 This could include governance bodies (e.g., board, committee or equivalent body charged with
governance), or specific individual(s) within the organisation.

Describe the responsibilities of the parties identified in (a) and where the responsibilities for SRRO are IFRS S1,
reflected. paragraph 27(a)(i)

2 This could be expanded from the Responsibility Assignment Matrix (or RACI chart). Responsibilities
are typically described and detailed in terms of reference, mandates, role descriptions, and other
related policies.

Describe how the parties identified in (1) determine whether appropriate skills and competencies are IFRS S1,
available or will be developed to oversee strategies designed to respond to SRROs. paragraph 27(a)(ii)
3

Explain how and how often those in (1) are informed about the organisation’s SRROs. IFRS S1,
paragraph 27(a)(iii)
4

Explain how those in (1) consider SRROs when overseeing the organisation’s strategy, decisions on IFRS S1,
major transactions, and its risk management process and related policies, including whether they had paragraph 27(a)(iv)
5
considered the trade-offs associated with those SRROs.

Explain how those in (1) oversee the setting of targets related to SRROs, and monitors progress IFRS S1,
towards those targets, including whether and how related performance metrics are included in paragraph 27(a)(v)
6
remuneration policies.

About management
Describe management's role in the governance processes, controls and procedures used to monitor, IFRS S1,
manage and oversee SRROs. paragraph 27(b)

Include information about:

(a) whether the role is delegated to a specific management-level position or management-level
7 committee
(b) how oversight is exercised over (a)
(c) whether management uses controls and procedures to support oversight of SRROs
(d) how (c) is integrated with other internal functions

II. STRATEGY

1 Define and disclose the time horizons and how these are linked to the organisation's planning horizons for strategic decision-making [IFRS S1, paragraphs 30-31]

Definition [no. of Link to organisation's planning horizons for

Time horizon
days/months/years] strategic decision-making

Short term
Medium term
Long term

Consider that time horizons can:

(a) vary between organisations
(b) depend on many factors, including industry-specific characteristics, e.g.
(i) cash flow
(ii) investment and business cycles
(iii) industry's typical planning horizon for strategic decision-making
(iv) industry's typical planning horizon for capital allocation plans
(v) primary users' typical time horizon to conduct assessments of organisations in that industry
Appendix A: Sample worksheet for IFRS S1 General requirements for disclosure of sustainability-related financial information

Disclaimer: This sample worksheet calls out some of the key requirements of IFRS S1. It does not contain all the requirements in the standard and does not substitute reading all the ISSB Standards.

2 Describe SRROs that could reasonably be expected to affect the organisation's prospects, and map them to the appropriate time horizons [IFRS S1, paragraphs 30-31, and 34-40]

Information should enable primary users to understand: Current reporting period Short term Medium term Long term

Sustainability-related
risks and opportunities
(SRROs) that could
Significant risk of a
reasonably be expected
material adjustment
to affect the
to the carrying Anticipated effects Anticipated effects Anticipated effects
organisation's Effects on cash Effects on financial Effects on financial Anticipated effects Anticipated effects Anticipated effects Anticipated effects Anticipated effects Anticipated effects Anticipated effects Anticipated effects Anticipated effects Anticipated effects Anticipated effects Anticipated effects
Description amounts of assets on financial on financial on financial
prospects flows performance position on access to finance to cost of capital on financial position on cash flows on access to finance to cost of capital on financial position on cash flows on access to finance to cost of capital on financial position on cash flows
and liabilities in the performance performance performance
next annual
Note: For climate-related
reporting period?
risks and opportunities
(CRROs), see Appendix
B

Ref: N1 N2 N3 N3 N2 N3 N3 N2 N3 N3
1 Risk A
2 Risk B
3 Risk C
4 Opportunity A
5 Opportunity B
6 Opportunity C
(a) Use quantitative (a single amount or a range) and qualitative information to explain
In preparing the anticipated financial effects of SRROs, an organisation should:
(b) Use reasonable and supportable information that is available at the reporting date without undue cost or effort
(c) Use an approach that is commensurate with the skills, capabilities and resources that are available to the organisation to prepare those
disclosures.

N1 When identifying SRROs that could reasonably be expected to affect the organisation's prospects, consider: [IFRS S1, paragraph B8]
Source Is the information reasonable and supportable? Available at reporting date? Available without undue cost or effort?
Past events
Current conditions
Forecast of future
conditions
See No. 4 for other
sources of guidance

N2 Reflect upon strategy to manage SRROs, taking into consideration:

(a) investment and disposal plans including plans not contractually committed to; and
(b) planned sources of funding to implement strategy

N3 Reflect upon strategy to manage SRROs.

3 Disclose the organisation's strategy for managing SRROs [IFRS S1, paragraphs 32-33, 41-42, 57-58]

Explain how the SRROs read in this direction

affect the IV. METRICS AND TARGETS [IFRS S1, paragraphs 45-53]
organisation's:
Describe: For each SRRO:
a) Current and anticipated
effects; and (a) disclose metrics required by applicable ISSB Standards.
b) Where the SRROs are
(a) business model concentrated (geography, In the absence of an ISSB Standard that specifically applies to the
facilities, types of assets) SRRO, apply judgement to identify information that is relevant to
primary users' decision-making and faithfully represents that SRRO
[See No. 4]

Describe: (b) disclose metrics used to measure and monitor the SRRO and its
a) Current and anticipated performance in relation to that SRRO (including progress towards
effects; and targets set and targets required by law or regulation).
b) Where the SRROs are
(b) value chain concentrated (geography, (c) if a metric is from a source other than ISSB Standards, identify
facilities, types of assets) and disclose the source and metric taken.

(c) Describe how the Explain the progress of Describe trade-offs (d) if a metric is developed by the organisation,
organisation has plans disclosed in between SRROs that
strategy
responded to, and plans previous reporting periods the organisation (i) explain how the metric is defined, including whether it is derived.
to respond to SRROs in - use quantitative and considered If derived by adjusting a metric from a source other than ISSB
(d) its strategy and decision- qualitative information Standards, disclose which source and how it differs from the metric
making. in that source.
decision making
(ii) describe whether the metric is an absolute measure, a measure
expressed in relation to another metric or a qualitative measure.
Describe the Disclose the qualitative Describe how the Identify the time Where applicable, refer
organisation's capacity to and, if applicable, assessment was horizon of the other ISSB Standards, (iii) specify whether the metric is validated by a third party, and if
adjust to uncertainties quantitative assessment carried out assessment for yes, state the party.
arising from sustainability- of resilience of strategy
related risks and business model (i) type of information to (iv) describe the method used to calculate the metric, inputs to the
disclose calculation, limitations of the method used and significant
(quantitative information (ii) how to prepare assumptions made.
can be disclosed as a those disclosures,
(e) resilience single amount or a range) including whether The above should include metrics associated with particular
scenario analysis is business models, activities or other common features that
required characterise participation in the industry.
[see also No. 2 and [see No. 6 for disclosures on Targets]
Appendix B]
Appendix A: Sample worksheet for IFRS S1 General requirements for disclosure of sustainability-related financial information

Disclaimer: This sample worksheet calls out some of the key requirements of IFRS S1. It does not contain all the requirements in the standard and does not substitute reading all the ISSB Standards.

4 Identify and disclose information about sources of guidance [IFRS S1, paragraphs 54-59, Appendix C]

Identifying
Identifying
Hierarchy disclosure Disclosures about sources of guidance shall
SRROs
requirements
First: Is there an ISSB Standard? Yes, use the Standard No IFRS S1, paragraphs 54, 56 (a) identify specific standards, pronouncements, industry practice
[see Appendix B for IFRS [see No. 2] and other sources of guidance applied in preparing sustainabiltiy-
S2 sample worksheet] related financial disclosures.

Next: In the absence of an ISSB Standard … If applicable, identify the disclosure topics in the SASB Standards.
Shall consider industry-specific SASB Standards* Yes Yes IFRS S1, paragraphs 55(a), 58(a)
May consider (b) identify industry(s) specified in the ISSB Standards, the SASB
(a) CDSB Framework Application Guidance Yes Yes, to the extent IFRS S1, paragraphs 55(b)(i), 58(b)(i) Standards or other sources of guidance relating to the particular
(i) for Water-related Disclosures disclosure meets industry(s) applied in preparing its sustainability-related financial
(ii) for Biodiversity-related Disclosures investor information disclosures, including identifying applicable metrics.
(b) materials of investor-focused standard-setters needs and does not IFRS S1, paragraphs 55(b)(ii), 58(b)(ii)
(c) industry practice conflict ISSB IFRS S1, paragraphs 55(b)(iii), 58(b)(iii)
(d) GRI Standards - Standards IFRS S1, Appendix C
(e) ESRS - IFRS S1, Appendix C

* An organisation might conclude that SASB Standards disclosure topics are not applicable in its circumstances.

III. RISK MANAGEMENT

5 Disclose the organisation's risk management for SRROs [IFRS S1, paragraphs 43-44]

read in this direction

Describe:

Explain how the

organisation assesses
Explain the inputs and the nature, likelihood Explain whether and
Explain whether and
the processes and related parameters the Explain whether and how and magnitude of the how the organisation
how the organisation Explain how the
policies the organisation organisation uses (e.g., the organisation uses effects of those risks has changed the
prioritises organisation monitors
(a) uses to identify, assess, information about data scenario analysis to (e.g., whether the processes it uses
sustainability-related sustainability-related
prioritise and monitor sources and the scope of identify sustainability- organisation compared with the
risks relative to other risks
sustainability-related risks operations covered in the related risks considers qualitative previous reporting
types of risk
processes) factors, quantitative period
thresholds or other
criteria)

the processes the

organisation uses to
identify, assess, prioritise
(b)
and monitor
sustainability-related
opportunities.

the extent to which, and

how, the processes for
identifying, assessing,
prioritising and monitoring
(c) sustainability-related risks
and opportunities are
integrated into and inform
the organisation’s overall
risk management process

IV. METRICS AND TARGETS [IFRS S1, paragraphs 45-53]

6 Disclose information for each target set or required to meet [IFRS S1, paragraph 51]
[See No. 3 for disclosures on Metrics]

Period 1 ([date from] - [date to]) Period 2 ([date from] - [date to])

Source of metric
Analysis of Analysis of
used Base period Milestone/ Performance against Milestone/ Performance against
Metric used to set target Quantitative/ Deadline to reach Actual result for Performance against performance Actual result for Performance against performance
Name of target Definition of target (i) ISSB Standards from which progress is interim target for milestone/interim Interim target for milestone/interim
and monitor progress qualitative? target period 1 target (eg trends or changes period 2 overall target (eg trends or changes
(ii) law or regulation measured period 1 target for period 1 period 2 target for period 2
in performance) in performance)
(iii) other source

Ref: N4, N5 N4, N5 N4, N5 N4, N5

1 Target A
2 Target B
3 Target C

N4 Definition and calculation of metrics, including metrics to set targets and monitor progress towards reaching them shall be consistent over time.

N5 If the organisation redefines or replaces a metric in the reporting period, the organisation shall:
(a) disclose a revised comparative amount, unless it is impracticable to do so;
(b) explain the changes; and
(c) explain the reasons for the changes, including why the redefined or replacement metric provides more useful information.

V. OTHERS

7 Statement of compliance [IFRS S1, paragraphs 72-73, B34-B37]

An organisation whose sustainability-related financial disclosures comply with all the requirements of the ISSB Standards shall make an explicit and unreserved statement of compliance.

Exemptions that wil not prevent assertion of compliance are:

(a) if law or regulation read in this direction If the organisation elects to use the
prohibits disclosure of exemption, it shall, for each item of
information required by information omitted:
ISSB Standards
(a) Disclose the fact that the organisation has
used the exemption
(i) information about the sustainability-related (ii) disclosure of that information could (iii) the organisation has determined that it is
opportunity is not already publicly available reasonably be expected to prejudice impossible to disclose that information in that (b) Reassess, at each reporting date,
(b) if that information seriously the economic benefits the manner to enable it to meet the objectives of
about a sustainability- whether the information qualifies for
organisation would otherwise be able to the disclosure requirements without exemption.
related opportunity is realise in pursuing the opportunity prejudicing seriously the economic benefits
commercially sensitive, the organisation would otherwise be able to
i.e., realise in pursuing the opportunity
Appendix A: Sample worksheet for IFRS S1 General requirements for disclosure of sustainability-related financial information

Disclaimer: This sample worksheet calls out some of the key requirements of IFRS S1. It does not contain all the requirements in the standard and does not substitute reading all the ISSB Standards.

8 Disclosures on judgements [IFRS S1, paragraphs 74-76, B11]

An organisation shall disclose information to enable primary users to understand judgements made
(a) in the process of preparing sustainability-related financial disclosures; and
(b) have the most significant effect on the information included in those disclosures.

For example, an entity makes judgements in:

(a) identifying SRROs that could be reasonably expected to affect the organisation's prospects [see No. 2]
(b) determining which sources of guidance to apply [see No. 4]
(c) identifying material information to include in the sustainability-related financial disclosures
(d) assessing whether an event or change in circumstances is significant and requires reassessment of the scope of all affected SRROs throughout the organisation's value chain
For example: (i) a significant change in the organisation's value chain (e.g. a supplier in the value chain makes a change that significantly alters the suppliers' greenhouse gas emissions)
(ii) a significant change in the organisation's business model (e.g., a merger or acquisition that expands the organisation's value chain)
(iii) a significant change in the organisation's exposure to SRROs (e.g., a supplier in the value chain is affected by introduction of new regulation that the organisation had not anticipated)

9 Disclosures on measurement uncertainty [IFRS S1, paragraph 78]

Disclosures on measurement uncertainty shall

(a) Identify amounts disclosed that are subject to high level of measurement uncertainty
(b) In relation to each amount in (a), disclose information about:
(i) Sources of measurement uncertainty.
For example: a. dependence of the amount on the outcome of a future event
b. dependence on a measurement technique
c. dependence on availability or quality of data from the organisation's value chain
(ii) Assumptions, approximations and judgements made in measuring the amount.