Question 1

When do IFRS S2 disclosures become mandatory in Malaysia?

Accepted Answer

Under the NSRF, Bursa Main Market companies with RM2bn or more market capitalisation report from FY2025 (Group 1), the rest of the Main Market from FY2026 (Group 2), and ACE Market plus large non-listed companies from FY2027 (Group 3). Reasonable assurance over Scope 1 and 2 becomes mandatory for Group 1 from 1 January 2027.

Question 2

When does IFRS S2 (AASB S2) start in Australia?

Accepted Answer

AASB S2 phases in by entity size. The largest entities (Group 1) report from FY2025, Group 2 from FY2026, and Group 3 from FY2027.

Question 3

What are the IFRS S2 timelines for Singapore, the UK, California and the EU?

Accepted Answer

Singapore's largest listed issuers report from FY2025 with others phased thereafter. The UK's UK SRS is voluntary now, with mandatory application expected around FY2027 for listed companies. California SB 261 requires a climate financial-risk report from January 2026 for entities with over US$500m revenue doing business in the state. In the EU, CSRD and ESRS timelines were revised under the 2025-26 Omnibus and scope was narrowed, so confirm your current status.

Question 4

Is IFRS S2 reporting the same as getting an audit?

Accepted Answer

Assurance phases in alongside disclosure. Once assurance applies, an auditor tests the evidence behind every figure — its source, who approved it, and whether it can be reproduced — so a defensible audit trail matters as much as the report itself.

IFRS S2 reporting deadline checker