IFRS ISSB S1

Question 1

Per Sue Lloyd, what is the point of the S1 and S2?

Answer 1

To facilitate a dialog between a company and it’s current and potential investors in terms of how sustainability-related Risks & Opportunities could affect the company’s future performance. (Very investment decision focused)

Question 2

What is the 4-point TCFD “Architecture” or “Structure” S1 adopts?

Answer 2

1) Strategy
2) Governance
3) Risk Management
4) Metrics & Targets

Question 3

What are the two most important words when thinking about the purpose of ISSB S1?

Answer 3

Risks & Opportunities

Question 4

S1 asks company’s to disclose sustainability-related Risks & Opportunities that could reasonable affect their ____________ related to __________ &___________

Answer 4

Prospects related to Cash Flows & Access to Financing/Capital (and the cost of capital)

Question 5

S1 uses the TCFD structure for 4 “Core Content” areas of information that a company must disclose. What are the 4 areas?

Answer 5

1. Governance
2. Strategy
3. Risk Management
4. Metrics & Targets

Question 6

In a company’s first IFRS S1 & S2 based report, do they have to disclose just Climate-related risks and opportunities or all sustainability-related risks and opportunities?

Answer 6

Just Climate for first report. After that, all sustainability-related risks and opportunities.