IFRS S2 Metrics requires comprehensive quantification of climate-related risks + opportunities + emissions following established protocols. (1) Greenhouse Gas (GHG) Emissions per GHG Protocol: an entity shall disclose absolute gross Scope 1 + Scope 2 + Scope 3 GHG emissions + measured in metric tonnes of CO2 equivalent (tCO2e) + using GHG Protocol Corporate Standard methodology (2004 revised) + supplementary GHG Protocol Scope 2 Guidance + GHG Protocol Scope 3 Standard + GHG Protocol Product Lifecycle Standard. (a) Scope 1 - direct GHG emissions from sources owned or controlled by the entity (stationary combustion + mobile combustion + process emissions + fugitive emissions); (b) Scope 2 - indirect GHG emissions from purchased electricity + heat + steam + cooling (location-based and market-based methods both required); (c) Scope 3 - other indirect GHG emissions across 15 categories upstream (purchased goods and services + capital goods + fuel and energy + upstream transportation + waste + business travel + employee commuting + upstream leased assets) and downstream (downstream transportation + processing + use of sold products + end-of-life + downstream leased assets + franchises + investments). Disclosure includes emission factor sources + methodology + significant assumptions + sectors covered. (2) Scope 3 Exemption for First-Year: transition relief allows first-year reporters to omit quantitative scope 3 disclosure + with qualitative disclosure + plan for future inclusion. (3) GHG Reduction Targets: disclosed if applicable + including (a) interim and net-zero targets; (b) target year + baseline year; (c) scope coverage; (d) sectors covered; (e) reliance on offsets vs reduction + carbon removal; (f) progress to date; (g) science-based per Science Based Targets initiative (SBTi). (4) Climate-Related Physical Risk Exposure: assets + activities exposed to acute + chronic physical climate risks + including (a) percentage of assets in flood-prone + drought-prone + hurricane-prone + wildfire-prone zones; (b) revenues from vulnerable geographies; (c) supply chain exposure; (d) employee exposure. (5) Climate-Related Transition Risk Exposure: financial + operational exposure to transition risks + including (a) capital exposure to fossil fuel reserves; (b) revenues from fossil fuel value chain; (c) regulatory + technology + market risks; (d) stranded asset risk. (6) Climate-Related Opportunities: financial + operational opportunities from climate transition + including (a) capital deployment to green technology + renewable energy + electric vehicles; (b) revenues from climate-aligned products; (c) cost savings from energy efficiency; (d) market share growth in climate sectors. (7) Capital Deployment + Capex: capital allocation toward climate-related risks and opportunities + including (a) climate-aligned capex; (b) green bonds + sustainability-linked finance; (c) decarbonisation investment; (d) R&D for climate solutions. (8) Internal Carbon Prices: where the entity uses internal carbon pricing (shadow pricing + carbon fee + internal trading + implicit pricing) for decision-making + investment + risk management. (9) Remuneration Linked to Climate Performance: percentage of executive + senior management remuneration linked to climate performance + KPIs + targets. (10) Independent Assurance: increasing market expectation for limited or reasonable assurance over climate disclosures + per ISAE 3000 Revised + ISAE 3410 Greenhouse Gas Statements + AICPA AT-C 105/205 + IAASB ISSA 5000 General Requirements for Sustainability Assurance Engagements (2024) + IFRS S1 paragraph guidance + auditor independence + appropriate standards. Coordinates with GHG Protocol Corporate Standard + Scope 2 Guidance + Scope 3 Standard + Product Lifecycle + Sector Guidance + SBTi Science Based Targets Initiative + Net Zero Standard + Mission Possible Partnership + CDP Climate Questionnaire + ISAE 3000 + ISAE 3410 + IAASB ISSA 5000 + IFAC + AICPA + EU CSRD ESRS E1 Climate Change + EU Taxonomy + CDSB. IFRS S2 Climate Metrics applies.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.