This Guidance for Sustainability Reporting in Pakistan – IFRS S1 & S2 Disclosure Checklist is developed based on the requirements of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information (IFRS S1); and IFRS S2 Climate-related Disclosures (IFRS S2), suitable for first year reporting in accordance with IFRS Sustainability Disclosure Standards by companies in Pakistan in compliance of order dated December 30, 2024 issued by Securities and Exchange Commission of Pakistan, when they choose to disclose information on only climate-related risks and opportunities in their first sustainability reports prepared as per requirements of IFRS Sustainability Disclosure Standards. As per transition relief provided by paragraph E5 of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, an entity is permitted, in the first annual reporting period in which an entity applies IFRS S1, to disclose information on only climate-related risks and opportunities (in accordance with IFRS S2) and consequently apply the requirements in IFRS S1 only insofar as they relate to the disclosure of information on climate-related risks and opportunities. Accordingly, this Checklist covers those requirements of IFRS S1 which should be met when they choose to disclose only climate-related risks and opportunities in their first sustainability reports prepared as per requirements of IFRS Sustainability Disclosure Standards.
Guidance for Sustainability Reporting in Pakistan – IFRS S1 & S2 Disclosure Checklist
