Objectives

Paragraph 1 Objectives – The objective of [Draft] IFRS S2 “Climate-related Disclosures” is to require an entity to disclose information about its exposure to significant climate-related risks and opportunities, enabling users of an entity’s general purpose financial reporting:

1. to assess the effects of significant climate-related risks and opportunities on the entity’s enterprise value;
2. to understand how the entity’s use of resources and corresponding inputs, activities, outputs, and outcomes support the entity’s response to and strategy for managing its significant climate-related risks and opportunities; and
3. to evaluate the entity’s ability to adapt its planning, business model, and operations to significant climate-related risks and opportunities.