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ИД «Финансы и кредит»






International Accounting

Approaches to climate-related risk disclosure in the draft international climate-related disclosure standard

Vol. 25, Iss. 7, JULY 2022

Received: 2 June 2022

Received in revised form: 14 June 2022

Accepted: 28 June 2022

Available online: 14 July 2022


JEL Classification: M40, М41

Pages: 728–746


Natal'ya V. MALINOVSKAYA Financial University under Government of Russian Federation, Moscow, Russian Federation


Subject. This article discusses the Exposure Draft IFRS S2 Climate-related Disclosure Standard.
Objectives. The article aims to address the content of the proposals set forth in the Exposure Draft that is one of the first documents published by the International Sustainability Standards Board in the structure of the IFRS Foundation for comment.
Methods. For the study, I used analysis, synthesis, comparison, and generalization.
Results. Based on a study of the structure of the Exposure Draft IFRS S2 Standard, the article notes that the main focus is on disclosing information about the impact of significant climate-related risks and opportunities on the value of the enterprise, which is useful to users of general-purpose financial statements.
Conclusions and Relevance. The approaches to disclosing climate-related risks and opportunities proposed in the Exposure Draft IFRS S2 Standard can help improve the quality of decision-making by key users of general-purpose financial statements. They can be used by Russian organizations to disclose information on climate-related risks and opportunities.

Keywords: sustainability standards, draft climate-related disclosure standard, climate-related risk, opportunities, industry requirements


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ISSN 2311-9381 (Online)
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Vol. 25, Iss. 7
July 2022