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Investor Presentaiton

Comparing Standards IFRS S2 and ESRS E1 All IFRS S2 disclosures are covered in ESRS E1 in relation to the core pillars: Governance, Strategy, Risk management, Metrics and targets. However, IFRS S2 has some differences and additions: Governance Strategy Risk management Metrics and targets ESRS identifies three levels of targets: general climate-related targets, GHG emission reduction targets, net zero targets and other neutrality claims. Fully covered; no significant differences IFRS S2 requires the disclosure of the effects of gross climate-related risks within the next year and of net climate-related risks over time whereas ESRS E1 requires the disclosure of the potential financial effects from material gross climate-related risks over time The future potential financial effects from climate-related risks cover gross risks (before mitigation/adaptation policies and actions) in ESRS E1 instead of net risks as in IFRS S2. ESRS has more detailed application guidance for physical and transition risks identification and assessment with the provision of detailed climate scenarios In IFRS S2 entity disclosing requirement shall refer to and consider the applicability of cross-industry metric categories and industry-based metrics defined in the Industry-based Guidance. In ESRS target values aligned with 2030 and 2050 and preferably set over five years rolling periods. IFRS S2 states that the entity shall disclose the quantitative and qualitative climate-related targets it has set to monitor progress towards achieving its strategic goals, and targets to meet by law or regulation. Page 10 9 August 2023 How to prepare a report in compliance with IFRS S1/S2? EY
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