Our Services
IFRS S1 and IFRS S2 Advisory
Prepare clearer sustainability and climate-related disclosures aligned with investor expectations and emerging reporting requirements.
Enquire About IFRS S1 and S2 AdvisoryAce CSR helps organisations assess, improve and prepare disclosures aligned with IFRS S1 and IFRS S2.
The process brings together gap analysis, climate-related disclosure review, governance mapping, risk and opportunity assessment, metrics review, scenario analysis support and reporting-ready content. Each stage helps companies understand where their disclosures stand, what needs improvement and how to strengthen alignment over time.
What This Service Covers
IFRS S1 and S2 advisory support can cover the full disclosure readiness process, from initial gap assessment to report content development. The process reviews existing sustainability statements, annual reports, governance disclosures, risk sections, climate metrics and transition-related information.
The aim is to help companies move towards more complete, connected and decision-useful sustainability disclosures. Strong IFRS-aligned reporting should explain how sustainability and climate-related matters affect governance, strategy, risk management, metrics, targets and financial resilience.
IFRS S1 Disclosure Support
IFRS S1 focuses on sustainability-related risks and opportunities that may affect a company’s prospects.
Disclosure support reviews how the company identifies, manages and reports sustainability-related matters across governance, strategy, risk management, metrics and targets. The process helps companies connect sustainability topics with business model, value chain, financial position, performance and long-term outlook.
IFRS S2 Climate Disclosure Support
IFRS S2 focuses on climate-related risks and opportunities.
Disclosure support reviews how the company reports climate governance, climate strategy, physical and transition risks, scenario analysis, greenhouse gas emissions, climate metrics, targets and transition plans. The process helps companies explain how climate-related matters may affect operations, assets, costs, revenue, investment planning and resilience.
Gap Analysis and Disclosure Roadmap
A practical gap analysis should do more than mark disclosures as present or absent. It should show what the report already covers, where the gaps remain and what the company can realistically improve in the next reporting cycle.
Depending on the project scope, the review can classify each disclosure requirement as fully met, partially met or not met. Recommendations then help management prioritise improvements by effort, importance and reporting readiness.
At a Glance
Two Standards, Four Shared Pillars
IFRS S1
General requirements for disclosure of sustainability-related financial information
IFRS S2
Climate-related disclosures
Both built on the same four pillars
Governance
Board and management oversight of sustainability and climate-related risks and opportunities.
Strategy
Effects on business model, value chain, financial planning and resilience.
Risk Management
How sustainability and climate risks are identified, assessed and managed.
Metrics & Targets
Emissions, performance indicators, targets and progress tracking.
Reporting-Ready Outputs
Depending on the project scope, clients may receive:
- IFRS S1 and S2 gap analysis table
- Disclosure status assessment
- Indicator-level recommendations
- Annual report and sustainability statement cross-reference table
- Climate disclosure improvement roadmap
- Governance, strategy, risk management, metrics and targets mapping
- Scenario analysis narrative
- Climate risk and opportunity disclosure
- Metrics and targets disclosure support
- Reporting-ready wording for selected sections
IFRS S1 and S2 gap analysis table Frameworks Supported
This service can align with:
- IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
- IFRS S2 Climate-related Disclosures
- Bursa Malaysia Sustainability Reporting Guide
- TCFD recommendations
- GRI Standards
- FTSE4Good Bursa Malaysia Index requirements
- SASB sector guidance
- Company-specific ESG and climate reporting requirements
Why Ace CSR?
Ace CSR combines sustainability reporting experience with practical knowledge of IFRS S1, IFRS S2, TCFD, GRI and Bursa Malaysia disclosure expectations. The team helps companies turn complex disclosure requirements into clear, structured and report-ready content.
The focus remains on practical implementation. Each review should help a company understand its current disclosure position, strengthen weak areas and build a clearer pathway towards more complete sustainability and climate-related reporting.
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