What is IFRS S2?

IFRS S2 sets the requirements for disclosing climate-related financial information, so an organisation can report its climate risks and opportunities. It asks for governance, strategy, risk management and metrics, including Scope 1, Scope 2 and Scope 3 emissions. It is written for investors, so it also requires the basis of preparation behind each metric, which is why provenance on supplier emissions data matters as much as the total.