IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
The standard addresses information useful to primary users of general purpose financial reports, including governance, strategy, risk management, and metrics and targets. An entity assesses materiality under the standard and considers the relevant applicable disclosure sources. Jurisdictional adoption and transition provisions determine the requirements for a particular reporting entity.
Worked example
A company identifies a material water-supply risk that could affect its cash flows and access to finance. It assesses the required governance, strategy, risk management and metrics information for disclosure.
Common mistake
Assuming every social or environmental impact is automatically material under IFRS S1, or confusing its financial-materiality focus with ESRS double materiality.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | FR | Direct | September 2026–June 2027 |
| ACCA | SBR | Direct | September 2026–June 2027 |