Businesses preparing for their first reporting cycle
You know sustainability reporting requirements are approaching, but have not yet established what information is required or how the reporting process will work.
Sustainability Reporting & IFRS S1/S2
Build the reporting process behind credible sustainability disclosures.
Syntax Sustainability helps businesses prepare for IFRS S1 and IFRS S2, the UK Sustainability Reporting Standards (UK SRS S1 and UK SRS S2), and locally adopted equivalents. We help assess readiness and build the governance, data, processes and reporting needed for credible sustainability disclosures.
The reporting challenge
More than an ESG report
IFRS S1 and IFRS S2 are not simply requirements to publish additional sustainability commentary.
They require businesses to identify material sustainability and climate-related risks and opportunities, explain how they are governed and managed, and report information that helps investors understand their effect on the business.
That can create work across finance, risk, operations and management long before the final disclosures are drafted.
Who needs sustainability reporting support?
Businesses with ESG reporting already in place
You already publish sustainability information, but need to understand how existing disclosures compare with IFRS S1/S2 or a locally adopted equivalent.
Finance teams dealing with fragmented data
The information exists across different teams, systems or spreadsheets, but ownership, definitions and reporting processes are not yet consistent.
Businesses that need implementation capacity
The requirements are understood, but the internal team needs additional support to turn them into a workable reporting process.
What does IFRS S1/S2 reporting involve?
The standards bring sustainability-related financial information into four core areas.
Governance
How sustainability-related risks and opportunities are overseen, who is responsible and what governance processes are in place.
Strategy
How sustainability and climate-related matters affect the business model, strategy, decision-making and financial prospects.
Risk Management
How relevant risks and opportunities are identified, assessed, prioritised and monitored.
Metrics & Targets
The information used to measure performance, including relevant sustainability and climate metrics, targets and progress against them.
IFRS S2 can also require more detailed climate-related information, including greenhouse-gas emissions, climate-related financial effects and climate resilience.
How Syntax Sustainability can help
IFRS S1/S2 Readiness & Gap Assessment
Understand where you stand before moving into implementation.
We assess your existing disclosures, governance, data and reporting processes against the relevant requirements and identify the areas that need attention.
Typical outputs can include readiness and gap assessment, disclosure mapping, key data and process gaps, priority actions and an implementation roadmap.
Discuss a Readiness Assessment →IFRS S1/S2 Implementation Support
Move from identifying the gaps to building a reporting process that can operate in practice.
Support can include disclosure mapping, governance and responsibility mapping, data, KPI and control requirements, reporting-process design, and preparation and review of sustainability disclosures.
Discuss Implementation Support →Ongoing Sustainability Reporting Support
Keep the reporting process moving after initial implementation.
Syntax can provide recurring support with the reporting cycle, data coordination, disclosure updates and other sustainability reporting requirements as they develop.
Discuss Ongoing Support →Start with the problem.
We’ll handle the rest.
You don't need to know which service fits.
Tell us what you're dealing with and we'll work out the right next step.