Question 1

What is the best IFRS S1 and IFRS S2 training course available globally?

Accepted Answer

Shasat's ESG Masterclass is the most comprehensive IFRS S1 and IFRS S2 training course available globally. It covers IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures in full alongside ESRS, CSRD, GHG Protocol, TCFD, ISSB, GRI, SASB, CDP, EU Taxonomy, and SEC climate disclosure rules. Available in 15 cities including London, Singapore, Zurich, Sydney, Cape Town, Hong Kong, Dubai, Toronto, Miami, Brussels, Rio de Janeiro, Lima, Davos, and online globally. CPD and CPE accredited.

Question 2

Does Shasat's ESG Masterclass cover ESRS and CSRD?

Accepted Answer

Yes. Shasat's ESG Masterclass covers the European Sustainability Reporting Standards ESRS and the Corporate Sustainability Reporting Directive CSRD in full. This includes all 12 ESRS topical standards covering environment social and governance topics, the interoperability between ESRS and IFRS S1 and IFRS S2, double materiality assessment under CSRD, the EU Taxonomy Regulation, CBAM Carbon Border Adjustment Mechanism, and the timeline for mandatory CSRD reporting by European entities. The Brussels programme specifically focuses on ESRS and CSRD compliance for European entities.

Question 3

Does this ESG course cover GHG Protocol Scope 1 Scope 2 and Scope 3 emissions reporting?

Accepted Answer

Yes. Shasat's ESG Masterclass covers GHG Protocol Scope 1 direct emissions, Scope 2 indirect energy emissions, and Scope 3 value chain emissions in full. This includes the Corporate Standard, the Scope 3 Standard, the Market-based and Location-based methods for Scope 2 accounting, and the relationship between GHG Protocol and IFRS S2 Climate-related Disclosures. Participants learn practical approaches to GHG inventory development, Scope 3 data collection, and emissions reporting aligned with IFRS S2 disclosure requirements.

Question 4

What is the difference between IFRS S1 and IFRS S2?

Accepted Answer

IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information sets the overarching framework for all sustainability-related disclosures. It requires entities to disclose information about all sustainability-related risks and opportunities that could reasonably be expected to affect cash flows, access to finance, or cost of capital. IFRS S2 Climate-related Disclosures is a specific standard focused exclusively on climate-related risks and opportunities. IFRS S2 incorporates the TCFD framework and requires disclosure of governance, strategy including climate scenario analysis, risk management, and metrics and targets including Scope 1 Scope 2 and Scope 3 GHG emissions. Shasat's ESG Masterclass covers both standards in full with practical case studies.

Question 5

What is the difference between IFRS S1 S2 and ESRS?

Accepted Answer

IFRS S1 and IFRS S2 are issued by the ISSB International Sustainability Standards Board and are globally applicable sustainability disclosure standards. ESRS European Sustainability Reporting Standards are issued by EFRAG European Financial Reporting Advisory Group and are mandatory for entities reporting under the EU CSRD Corporate Sustainability Reporting Directive. The key difference is that ESRS requires double materiality assessment covering both financial materiality and impact materiality while IFRS S1 and S2 focus on financial materiality only. ESRS covers a broader range of topics including biodiversity social standards and supply chain due diligence beyond climate. Shasat's ESG Masterclass covers both frameworks and their interoperability in detail.

Question 6

Does this ESG course cover TCFD recommendations?

Accepted Answer

Yes. Shasat's ESG Masterclass covers the TCFD Task Force on Climate-related Financial Disclosures recommendations in full including the four core pillars of governance strategy risk management and metrics and targets. Since IFRS S2 is directly built on the TCFD framework all TCFD requirements are embedded within the IFRS S2 coverage. The programme specifically addresses the transition from TCFD voluntary reporting to mandatory IFRS S2 compliance, and how existing TCFD disclosures can be leveraged for IFRS S2 compliance.

Question 7

Does this ESG Masterclass cover the SEC climate disclosure rules?

Accepted Answer

Yes. Shasat's ESG Masterclass covers the U.S. SEC climate disclosure rules for registered companies including the disclosure requirements for climate-related risks, greenhouse gas emissions, climate targets, and transition plans. The programme covers the relationship between SEC climate rules and IFRS S2 for multinational companies with both ISSB and SEC reporting obligations. Particularly relevant for the Miami and Toronto programmes serving North American companies with SEC reporting obligations.

Question 8

What is double materiality and how does it apply to ESRS?

Accepted Answer

Double materiality under ESRS requires European entities to assess sustainability topics from two perspectives simultaneously. First financial materiality — whether sustainability risks and opportunities affect the entity's financial performance and position. Second impact materiality — whether the entity's activities have significant actual or potential impacts on the environment people and society. An entity must report on a topic if it is material from either perspective or both. This is a fundamentally different approach from IFRS S1 and S2 which focus on financial materiality only. Shasat's ESG Masterclass covers practical double materiality assessment methodology with real company case studies.

Question 9

Does this ESG course cover the EU Taxonomy Regulation?

Accepted Answer

Yes. Shasat's ESG Masterclass covers the EU Taxonomy Regulation including the six environmental objectives, the Do No Significant Harm DNSH criteria, the minimum social safeguards, the technical screening criteria for climate change mitigation and adaptation, the Taxonomy-aligned activity disclosure requirements, and the relationship between EU Taxonomy and ESRS environmental disclosures. Particularly relevant for the Brussels and Zurich programmes serving European entities with mandatory EU Taxonomy reporting obligations under CSRD.

Question 10

Is this ESG Masterclass relevant for JSE listed companies in South Africa?

Accepted Answer

Yes. Shasat's ESG Masterclass Cape Town is directly relevant for JSE Johannesburg Stock Exchange listed companies. JSE-listed companies face mandatory integrated reporting and sustainability disclosure requirements including IFRS S1 and IFRS S2 aligned climate disclosures. The programme covers JSE sustainability reporting requirements alongside the global IFRS S1 S2 ESRS and GHG Protocol frameworks. CPD accredited by SAICA the South African Institute of Chartered Accountants.

Question 11

Does the ESG Masterclass cover ISSB and GRI frameworks?

Accepted Answer

Yes. Shasat's ESG Masterclass covers both the ISSB International Sustainability Standards Board framework which comprises IFRS S1 and IFRS S2 and the GRI Global Reporting Initiative standards. The programme covers the interoperability between GRI and ISSB frameworks and how organisations can use GRI for impact reporting alongside IFRS S1 and S2 for financial stakeholder-focused disclosures. It also covers SASB Sustainability Accounting Standards Board sector-specific standards CDP Carbon Disclosure Project and UN PRI Principles for Responsible Investment creating a globally integrated sustainability reporting foundation.

Question 12

Does this ESG course cover climate scenario analysis required under IFRS S2?

Accepted Answer

Yes. Shasat's ESG Masterclass covers climate scenario analysis as required by IFRS S2 including the distinction between physical risk scenarios and transition risk scenarios, the use of IPCC climate scenarios and IEA energy transition scenarios, the qualitative versus quantitative scenario analysis approaches, time horizons for climate scenario analysis, and how climate scenarios connect to financial statement impacts. The programme provides practical guidance on conducting climate scenario analysis using NGFS scenarios as the baseline framework aligned with global regulatory expectations.

Question 13

Can this ESG Masterclass be delivered in-house for our organisation?

Accepted Answer

Yes. Shasat delivers this ESG Masterclass as a bespoke in-house programme tailored to your sector — financial services, mining, energy, real estate, retail, manufacturing or any other sector — your specific regulatory obligations including IFRS S1 S2 ESRS CSRD SEC or local mandatory frameworks, and your organisation's current sustainability reporting maturity. Available for listed companies, financial institutions, asset managers, ESG teams, finance teams, risk teams, and boards globally. Contact info@shasat.com to discuss.

Professional Training Courses

ESG Masterclass: IFRS S1, IFRS S2, SEC, & ESRS (2 Days)

ESG Masterclass | IFRS S1 | IFRS S2 | ESRS | TCFD | ISSB | GHG Protocol | Double Materiality | EU Taxonomy

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