IFRS S1/S2 Readiness Diagnostic

IFRS S1 mandates disclosure of material sustainability risks and opportunities, while IFRS S2 focuses on climate-specific disclosures. Both standards are now in effect in 36 jurisdictions worldwide and are increasingly adopted in African markets. This diagnostic evaluates your preparedness across five dimensions, tailored specifically for the African context rather than based on regulatory frameworks from other regions with different landscapes.

For each statement, mark: Y = Yes, fully in place P = Partially in place N = Not yet in place

Organisation	Date	Completed by

Dimension 1 — Governance

Statement	Y	P	N	Notes / Evidence
Our board has formal oversight of sustainability-related risks and opportunities
Sustainability responsibilities are assigned to named individuals at leadership level
Sustainability is integrated into our strategic planning process
We have a defined process for identifying and assessing climate-related risks
Board minutes reflect sustainability discussions at least quarterly

Dimension score /10

Dimension 2 — Strategy & Materiality

Statement	Y	P	N	Notes / Evidence
We have conducted a formal materiality assessment in the last two years
Our materiality assessment engaged both leadership and external stakeholders
We can articulate which sustainability topics are material to our business model
Our sustainability strategy is connected to our business strategy — not separate
We have identified sustainability factors specific to our African operating context

Dimension score /10

Dimension 3 — Risk & Opportunity Management

Statement	Y	P	N	Notes / Evidence
We have identified sustainability-related risks likely to affect our financial performance
We have assessed our exposure to physical and transition climate risks
We have a process for monitoring sustainability risks on an ongoing basis
We can describe how identified risks are integrated into our financial planning
We have identified sustainability-related opportunities as well as risks

Dimension score /10

Dimension 4 — Metrics & Targets

Statement	Y	P	N	Notes / Evidence
We track key sustainability metrics consistently across reporting periods
Our metrics reflect our African operating context — not copied from generic templates
We have set sustainability targets with defined timelines and accountability
We can account for Scope 1 and Scope 2 greenhouse gas emissions
We have begun assessing Scope 3 emissions within our value chain

Dimension score /10

Dimension 5 — Disclosure & Narrative Integrity

Statement	Y	P	N	Notes / Evidence
We have produced a sustainability report or disclosure in the last two years
Our disclosures are honest about gaps, limitations, and incomplete data
Our sustainability narrative is consistent with our actual business practices
Our sustainability disclosures have been reviewed by an independent party
We are confident our disclosures would hold up to investor due diligence

Dimension score /10

Readiness Summary

Count responses. Y = 2 pts | P = 1 pt | N = 0 pts. Maximum score: 50.

Dimension	Score /10	Readiness level	Priority action
1. Governance
2. Strategy & Materiality
3. Risk & Opportunity
4. Metrics & Targets
5. Disclosure & Narrative
Total score /50

What Your Score Means

Score band	Interpretation
40–50 Disclosure Ready	Governance, strategy, and measurement systems are substantially in place. Focus now on producing a disclosure that is honest, contextually grounded, and investor-grade — not just technically compliant.
25–39 Partially Ready	Foundations exist but significant gaps remain. Prioritise Dimensions 1 and 2 first — governance and materiality are the prerequisite for everything else.
Below 25 Early Stage	The building blocks are not yet in place for credible IFRS disclosure. The path forward begins with a materiality assessment designed for your specific African operating context.