International Financial Reporting Standards

Overview

This course introduces learners to the IFRS Sustainability Disclosure Standards—S1 (General Requirements) and S2 (Climate-related Disclosures). It provides the context, purpose, and practical application of these standards, equipping participants with the knowledge to align sustainability disclosures with global best practices and investor expectations.

IFRS S1 and S2 Fundamentals explores the global drivers of sustainability reporting, the role of the IFRS Foundation and ISSB, and how these standards establish a global baseline for disclosure. The course unpacks the core requirements of IFRS S1, the climate-specific disclosures of IFRS S2, and guides learners in transitioning from compliance to meaningful action. By the end of the course, participants will understand how IFRS S1 and S2 help organizations manage risks, build credibility, and integrate sustainability into financial reporting.

Key Highlights

Clear introduction to IFRS S1 and S2, their scope, and purpose
Practical breakdown of core disclosure pillars (Governance, Strategy, Risk Management, Metrics & Targets)
Mapping S2 requirements to TCFD and SASB frameworks
Insights into jurisdictional adoption, compliance pathways, and alignment with GRI and ESRS
Guidance on conducting gap assessments and developing transition plans

Learning Objectives

Clear introduction to IFRS S1 and S2, their scope, and purpose
Practical breakdown of core disclosure pillars (Governance, Strategy, Risk Management, Metrics & Targets)
Mapping S2 requirements to TCFD and SASB frameworks
Insights into jurisdictional adoption, compliance pathways, and alignment with GRI and ESRS
Guidance on conducting gap assessments and developing transition plans

Who is it for?

Sustainability, Finance, and Compliance professionals preparing for IFRS adoption
Investor relations and corporate communications teams
Business leaders and managers responsible for ESG strategy and disclosures
Auditors and assurance providers supporting sustainability reporting
Educators, students, and professionals seeking expertise in IFRS-based reporting

Course Outline

Module-1

Introduction and Big Picture

Context and Drivers
Concept of a Global Baseline
Overview of IFRS S1 and IFRS S2

Module-2

IFRS S1 - General Requirements

IFRS S1 Overview
Key Principles
Core Disclosure Pillars

Module-3

FRS S2 – Climate-related Disclosures

IFRS S2 Overview
Climate Risk Assessment: Physical vs. transition risks
Scenario Analysis: What it is, why it matters, how it’s applied

Module-4

Transitioning to IFRS Reporting

PFRS and Philippine SEC Requirements
Roadmap to Reporting Transition
Summary