The IFRS Foundation published a guidance document Disclosing information about an entity’s climate-related transition, including information about transition plans, in accordance with IFRS S2 as part of its commitment to supporting the implementation of IFRS Sustainability Disclosure Standards (ISSB Standards).

The guidance:

• supports entities apply IFRS S2 Climate-related Disclosures;
• is designed to enable entities to provide high-quality information about their climate-related transition when applying IFRS S2;
• and covers disclosures about any ‘transition plan’ an entity has, including both mitigation and adaptation efforts.