IFRS S1 & S2 Practical Implementation for Bursa-Listed Companies

Malaysia has adopted the ISSB standards through the National Sustainability Reporting Framework, which means IFRS S1 and IFRS S2 are no longer a voluntary best practice for listed issuers. They are what your sustainability statement will be judged against. This two-day programme takes a reporting team through both standards clause by clause and ends with a gap assessment against your own disclosure.

This is an implementation workshop, not a standards briefing. Participants leave with a drafted disclosure structure, a gap register and a dated roadmap to their own phase-in year, rather than a summary of what the standards say.

HRD Corp Training Provider Malaysia HRD Corp SBL-Khas Claimable

Modules

01

The NSRF and Who It Applies To (Day 1)

How Malaysia adopted the ISSB standards through the National Sustainability Reporting Framework, which entities are captured, the phased effective dates for Main Market and ACE Market issuers and large non-listed companies, and the transition reliefs available in the early reporting years. Participants place their own organisation on the timeline in the first session.

02

IFRS S1: General Requirements (Day 1)

The core content architecture of governance, strategy, risk management, and metrics and targets. Materiality judgements for sustainability-related financial information, the reporting entity and boundary, timing and location of disclosures, and connectivity with the financial statements.

03

Identifying Sustainability-related Risks & Opportunities (Day 1)

Where IFRS S1 directs you to look when deciding what to disclose, including industry-based sources of guidance, and how to scope risks and opportunities across the value chain. Worked exercise building a first risk and opportunity register for a sample or participant organisation.

04

IFRS S2: Climate-related Disclosures (Day 1)

Physical and transition risk, the climate-related disclosure requirements across all four pillars, cross-industry metric categories, and industry-based metrics. This is the standard most Malaysian issuers report against first, so it is covered in the most depth.

05

GHG Metrics and the Scope 3 Question (Day 2)

What IFRS S2 actually requires for Scope 1, 2 and 3 greenhouse gas emissions, the GHG Protocol basis for measurement, and how an existing emissions inventory feeds the disclosure. Includes the Scope 3 transition relief and what to do before it expires.

06

Climate Resilience & Scenario Analysis (Day 2)

How to approach scenario analysis proportionately, when a qualitative assessment is defensible and when it is not, and how to document the resilience conclusion so it survives review. A practical session for teams without a modelling function.

07

Governance & Internal Control Over Disclosure (Day 2)

Board and management oversight of sustainability-related risks, how responsibility is documented, and the internal controls over sustainability data that assurance providers will eventually test. The part most first-year disclosures are thinnest on.

08

Drafting the Disclosure (Day 2)

A working session turning the four pillars into actual disclosure language. Participants draft sections of a sustainability statement and review them against the requirements rather than reading model answers.

09

Gap Assessment & Implementation Roadmap (Day 2)

Scoring your current sustainability statement against IFRS S1 and S2, identifying the data and governance gaps that take longest to close, and building a dated roadmap back from your own phase-in year. Participants take the gap register and roadmap away with them.

Key Outcomes

  • Place your organisation correctly on the NSRF phase-in timeline
  • Apply the IFRS S1 four-pillar structure to your own disclosure
  • Make and document a sustainability materiality judgement
  • Identify sustainability-related risks and opportunities across the value chain
  • Meet the IFRS S2 climate disclosure requirements pillar by pillar
  • Determine what your GHG metrics disclosure must contain, including Scope 3
  • Run a proportionate scenario analysis and document the resilience conclusion
  • Draft disclosure language that maps to specific requirements
  • Leave with a scored gap register and a dated implementation roadmap
  • Receive official Certificate of Completion

Training Mode   Physical / Online / Hybrid / e-learning

HRD Corp   SBL-Khas Claimable

Duration   2 Days (9:00 AM - 5:00 PM)

Level   Intermediate (assumes basic sustainability reporting familiarity)

Who Should Attend   Sustainability and ESG teams at Bursa-listed issuers, company secretaries, finance and reporting staff preparing the sustainability statement, investor relations, and internal audit reviewing sustainability disclosures

Venue   Online or in-house at client's office

Certificate   Certificate of Completion issued by Orbix upon full attendance

Dates   Upon request, based on participant confirmation

Frequently Asked Questions

Malaysia adopted the ISSB standards through the National Sustainability Reporting Framework, which phases in by entity type. Listed issuers come in ahead of large non-listed companies, and Main Market issuers ahead of ACE Market issuers, with transition reliefs in the early years including relief on Scope 3 emissions. The first session of the course places your own organisation on the current timeline, because the phasing is the single thing teams most often get wrong about their own obligation.

They answer to different audiences. GRI reports impact to a broad stakeholder group. IFRS S1 and S2 report sustainability-related financial information to investors and capital providers, which changes what counts as material and how much of it connects back to the financial statements. Sustainability Reporting (GRI & Bursa) covers the Bursa sustainability statement and GRI-based reporting most Malaysian issuers already produce. This course covers the ISSB standards the NSRF now layers on top. Many organisations need both.

It is not a prerequisite, but it helps. IFRS S2 requires you to disclose greenhouse gas emissions, and this course covers what the disclosure must contain rather than how to calculate the number. If your organisation has no emissions inventory yet, GHG & Carbon Accounting (ISO 14064) is the course that builds it, and running that first means the disclosure work here has real figures behind it.

The framework gives relief on Scope 3 in the early reporting years, which buys time but does not remove the requirement. The hard part is rarely the calculation, it is getting usable data out of suppliers, and that is a procurement and engagement problem rather than an accounting one. This course covers what the Scope 3 disclosure has to contain. The Scope 3 Supplier Data Collection Programme is the separate two-day programme that builds the collection system behind it.

Yes, for in-house runs. If you send your most recent sustainability statement ahead of the session, the drafting exercise on day two and the gap assessment work on your own disclosure rather than a sample one. Teams generally leave with a scored gap register against their actual report, which is more useful than a generic one.

Yes. IFRS S1 & S2 Practical Implementation for Bursa-Listed Companies is HRD Corp SBL-Khas claimable for Malaysian employers registered with HRD Corp.

No, but the course does treat sustainability information as financial reporting, because that is what the standards do. Sustainability practitioners without a finance background handle it fine. Mixed teams tend to get the most out of it, since the connectivity requirements in IFRS S1 need the sustainability and finance sides talking to each other anyway.