IFRS S1

In this lesson

1. 0:00 Introduction to IFRS S1 sustainability reporting
2. 1:01 Why IFRS S1 exists and investor focus
3. 3:00 The four pillars framework explained
4. 6:37 Materiality and entity-specific disclosure
5. 9:06 Specific reporting requirements and checklist
6. 11:24 Northern Air Group worked example
7. 15:30 Real-world disclosure excellence with Lloyds
8. 17:14 Five key exam pointers for IFRS S1
9. 19:09 Lesson summary and S2 preview

About this lesson

This lesson breaks down the four connected pillars—governance, strategy, risk management, and metrics and targets—and shows you how to assess whether a disclosure meets the standard. You'll discover that materiality is entity-specific and hinges on financial impact: does the sustainability issue reasonably affect cash flows, access to finance, or cost of capital? Through a worked example with Northern Air Group, an airline facing climate risks, you'll see how strong disclosures tie accountability to quantified financial impacts and concrete actions, and why comparatives and uncertainty descriptions matter to investors. By the end, you'll be able to read a real sustainability disclosure and judge whether it satisfies S1's requirements—exactly the skill the F2 examiner tests through scenario-based objective test questions. The lesson also clarifies common exam traps: S1 is the umbrella standard covering all material sustainability topics, while IFRS S2 (the climate-specific standard) sits underneath it; scope is defined by financial effect, not by how important an issue feels; and the four pillars must work together as one connected story, not as separate boxes to tick.

Duration: 21m