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IFRS S1 and S2 sustainability disclosures, climate risk modelling, carbon accounting, and ESG integration for insurers and corporates.
Discuss your requirementsSustainability reporting is moving from voluntary frameworks to mandatory disclosure standards. IFRS S1 and S2, issued by the International Sustainability Standards Board (ISSB), require organisations to quantify sustainability-related financial risks and climate impacts using the same rigour applied to traditional financial reporting.
Actuaries are well positioned for this work. Long-term risk modelling, scenario analysis, and translating uncertain future events into financial terms are core actuarial skills. We connect traditional financial reporting with forward-looking sustainability metrics so organisations can report real numbers, not aspirational narratives.
IFRS S1 sets out general requirements for disclosing sustainability-related financial information. IFRS S2 specifically addresses climate-related risks and opportunities, covering physical risks, transition risks, and greenhouse gas emissions. We help organisations build compliant disclosure frameworks.
Climate risk modelling quantifies how physical risks (extreme weather, sea-level rise, wildfire) and transition risks (carbon pricing, regulation, stranded assets) affect an organisation's financial position. We build scenario models that translate climate pathways into financial impacts.
Carbon accounting measures and reports an organisation's greenhouse gas emissions across Scope 1 (direct), Scope 2 (purchased energy), and Scope 3 (value chain) categories. We help organisations establish measurement frameworks, set reduction targets, and report against them.
Insurers face unique ESG challenges: underwriting climate-exposed portfolios, investing responsibly, and reporting sustainability performance to regulators and rating agencies. We help insurers embed ESG considerations into underwriting, investment, and risk management processes.
The EU Taxonomy Regulation and Sustainable Finance Disclosure Regulation (SFDR) require financial market participants and large corporates to classify and disclose the sustainability of their activities. We help European-exposed clients navigate these requirements.
IFRS S1 sets out general requirements for sustainability-related financial disclosures. IFRS S2 specifically covers climate-related risks and opportunities. Together they provide investors with comparable sustainability data alongside traditional financial statements.
Actuaries specialise in modelling long-term risks, uncertainty, and financial impacts — exactly the skills needed for climate scenario analysis and for connecting sustainability risks to balance sheet figures.
Scope 1 covers direct emissions from owned operations. Scope 2 covers indirect emissions from purchased energy. Scope 3 covers all other indirect emissions across the value chain, including supply chain, employee commuting, and product use.
Reserving, pricing, product design, reinsurance, and appointed actuary services for life, general, health, and Takaful insurers across the Middle East & Africa.
Regulatory capital, economic capital modelling, ORSA, stress testing, and risk appetite frameworks for insurers and financial institutions.
IFRS 17, IFRS 9, IFRS 2, and IAS 19 actuarial implementations, ongoing compliance, and managed reporting services.
Speak with our ESG team about IFRS S1/S2 compliance, climate risk modelling, and carbon accounting.
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