ESG
IFRS S2 Climate-related Disclosures
The global baseline standard for climate risk reporting
About this course
Why this course exists
A comprehensive guide to IFRS S2, the ISSB's global baseline for climate-related financial disclosures. Covers governance, strategy, risk management, metrics & targets, scenario analysis, GHG emissions, financed emissions, and industry-based guidance.
What you will learn
After this course you will be able to
- Disclose climate-related risks and opportunities under IFRS S2
- Run scenario analysis aligned with TCFD and ISSB guidance
- Quantify physical and transition risk with defensible methodologies
- Translate climate model output into board-level disclosure language
Course content
9 modules · 32 lessons
Walk through the modules in order or jump to a specific lesson. Each lesson is a real chapter you can open and start reading immediately.
Module 1·4 lessons
Foundations
Why climate disclosure matters and how we got here
- 0.13 min read
The Need for Climate Disclosure Standards
Basis for Conclusions BC1-BC3, BC9-BC13
- 0.23 min read
From TCFD to ISSB — The Road to IFRS S2
Basis for Conclusions BC4-BC6, BC16, BC30
- 0.34 min read
IFRS S2 at a Glance — Structure, Scope and Key Concepts
IFRS S2 Paragraphs 1-4, Appendix A
- 0.44 min read
Materiality, Proportionality and Interoperability
Basis for Conclusions BC7-BC8, BC14-BC16
Module 2·3 lessons
Governance
Oversight and management of climate-related risks
Module 3·4 lessons
Strategy — Risks and Opportunities
Identifying and disclosing climate-related risks and opportunities
- 2.15 min read
Identifying Climate-Related Risks and Opportunities
IFRS S2 Paragraphs 8-12
- 2.26 min read
Physical Risks vs Transition Risks
IFRS S2 Paragraph 3, Appendix A definitions
- 2.36 min read
Effects on Business Model and Value Chain
IFRS S2 Paragraphs 13-14
- 2.47 min read
Climate-Related Transition Plans
IFRS S2 Paragraph 14(a)(iv)-(v), Basis for Conclusions BC46-BC52
Module 4·4 lessons
Financial Effects and Climate Resilience
Quantifying impact and testing strategy against climate scenarios
- 3.15 min read
Current and Anticipated Financial Effects
IFRS S2 Paragraphs 15-21
- 3.26 min read
Disclosure Exemptions and Qualitative Alternatives
IFRS S2 Paragraphs 19-21, Basis for Conclusions BC53-BC56
- 3.36 min read
Climate Resilience and Scenario Analysis
IFRS S2 Paragraph 22, Application Guidance B1-B7
- 3.46 min read
Designing and Conducting Scenario Analysis
IFRS S2 Application Guidance B8-B18
Module 5·3 lessons
Risk Management
Processes for identifying, assessing and monitoring climate risks
Module 6·4 lessons
GHG Emissions Metrics
Measuring and disclosing Scope 1, 2 and 3 emissions
- 5.16 min read
The GHG Protocol and Scope 1 and 2 Emissions
IFRS S2 Paragraph 29(a), Application Guidance B19-B31
- 5.25 min read
Scope 3 Emissions — Categories and Why They Matter
IFRS S2 Paragraph 29(a)(vi), Application Guidance B32-B37
- 5.36 min read
The Scope 3 Measurement Framework
Application Guidance B38-B57
- 5.45 min read
GHG Emissions Disaggregation and Reporting
Illustrative Guidance IE1-IE24
Module 7·3 lessons
Financed Emissions
Climate metrics for the financial sector
- 6.14 min read
Introduction to Financed Emissions
IFRS S2 Application Guidance B58-B60
- 6.24 min read
Asset Management, Banking and Insurance Disclosures
Application Guidance B61-B63A, Illustrative Guidance IE25-IE38
- 6.34 min read
The 2025 Amendments — Category 15 and Beyond
IFRS S2 Paragraphs 29A-29C, Amendments December 2025
Module 8·4 lessons
Cross-Industry Metrics, Targets and Industry Guidance
Beyond GHG — the full metrics and targets framework
- 7.15 min read
Cross-Industry Metric Categories
IFRS S2 Paragraphs 29(b)-(g), Application Guidance B64-B65
- 7.27 min read
Climate-Related Targets and Carbon Credits
IFRS S2 Paragraphs 33-37, Application Guidance B66-B71
- 7.35 min read
Industry-Based Guidance on Implementing IFRS S2
Illustrative Guidance IB1-IB16
- 7.46 min read
Internal Carbon Pricing and Executive Remuneration
IFRS S2 Paragraphs 29(f)-(g), Basis for Conclusions BC130-BC133
Module 9·3 lessons
Transition, Implementation and Capstone
Putting it all together — from theory to practice
- 8.16 min read
Effective Dates, Transition Reliefs & First Reporting
IFRS S2 Appendix C, Basis for Conclusions BC157-BC177
- 8.25 min read
Interoperability — ESRS, GRI and Jurisdictional Standards
Basis for Conclusions BC16, BC134-BC138
- 8.38 min read
Capstone — Building a Complete IFRS S2 Disclosure
All IFRS S2 sections — integrated case study
Continue your path
This course is part of 3 curated paths
Each path is a sequence of five courses designed to take a practitioner from first principles to defensible output. Pick one to see where this course fits.