ESG Training
Wellkinetics
IFRS S1 & S2 Readiness and ESG Disclosure Implementation Training
Build Disclosure Readiness. Report With Confidence.
Course Overview
A 1-day in-house workshop that builds your disclosure working team’s capability to prepare sustainability disclosures under IFRS S1 and IFRS S2, aligned with Malaysia’s National Sustainability Reporting Framework. The session covers gap assessment, governance, climate risk, and a structured implementation roadmap.
Duration
1 day
Location
By Client
Mode
In-person
HRDCorp
Claimable
Why IFRS S1 and S2 Training Matters
The ISSB’s IFRS S1 and IFRS S2 standards represent the most significant shift in corporate reporting since the adoption of IFRS financial standards. Through Malaysia’s National Sustainability Reporting Framework (NSRF), Bursa Malaysia is implementing mandatory IFRS-aligned sustainability disclosure requirements with a structured implementation timeline. Organizations that are not preparing now face a compressing window to build the governance structures, data systems, and reporting capabilities these standards require.
The gap between knowing what IFRS S1 and S2 require and being able to disclose against them is significant. It involves cross-functional coordination across Finance, ESG, Investor Relations, Risk, Strategy, and HR. It requires governance structures that assign clear data ownership. It demands climate scenario analysis that connects to financial reporting. Most disclosure teams have not yet built these capabilities, and the timelines are not waiting.
This training closes that gap in one structured day. Your disclosure working team leaves with a practical understanding of both standards, a completed gap assessment against current disclosure practice, and a structured NSRF readiness roadmap with governance, data, assurance, and reporting timelines.
Learning Outcomes
Participants of this course will gain the following key learning outcomes:
- Understand the evolving regulatory landscape driving sustainability disclosures globally and in Malaysia.
- Apply IFRS S1 and IFRS S2 disclosure requirements within their organizational context.
- Perform a practical gap assessment against current sustainability disclosure practices.
- Strengthen governance structures, data ownership, and cross-functional collaboration for ESG reporting.
- Develop a structured roadmap towards IFRS-aligned sustainability reporting.
Who Should Attend
IFRS S1 and S2 require cross-functional coordination. This workshop is most effective when attended by representatives from all functions involved in the sustainability disclosure process, building shared understanding and internal alignment in a single session.
- ESG and Sustainability Teams
- Finance and Reporting Teams
- Investor Relations Professionals
- Legal, Risk, and Compliance Officers
- Strategy and Planning Teams
- HR and People Teams
- Corporate Affairs and Communications
- Senior Management and C-Suite
- Board Members and ESG Committee Members
- Internal Audit and Assurance Teams
Course Outline
A structured 1-day program moving from regulatory context through standards application, gap assessment, governance design, and implementation roadmap, closing with departmental action planning.
Course Introduction and Global and Malaysian ESG Reporting Landscape
- Learning objectives and participant expectations
- ISSB, IFRS S1 and S2, and CSRD overview
- Bursa Malaysia and NSRF implementation timeline
Understanding IFRS S1
- Material sustainability-related risks and opportunities
- Governance, strategy, risk management, metrics and targets
- Connectivity with financial reporting
Understanding IFRS S2
- Climate governance, transition and physical risks
- Scenario analysis and financial implications
- Scope 1-3 overview
- Climate opportunities
Applying IFRS S1 & S2
- Mapping operations e.g. data centres, offices, production, procurement, content partners and advertising ecosystem.
Disclosure Gap Analysis Workshop
- Participants review sample disclosures against IFRS requirements and identify missing information
Building an NSRF Readiness Roadmap
- Governance structure and internal responsibilities
- Data ownership and controls
- Assurance readiness
- Reporting timeline
Action Planning
- Departmental commitments
- Quick wins
Training Methodology
IFRS S1 and S2 are detailed standards. This workshop is designed to build working knowledge, not theoretical familiarity, using interactive lectures, cross-functional group discussion, a structured gap analysis exercise, and a practical roadmap workshop that participants leave with completed.
Industry Case Studies
Cross-industry sustainability disclosure examples illustrating how IFRS S1 and S2 requirements apply across different sectors, governance structures, and business models. Case studies include examples of good disclosure practice and common gaps that appear in real-world IFRS-aligned reports.
Interactive Lectures
Structured delivery of IFRS S1 and S2 content using real sustainability disclosure examples and case studies across industries. Explanations are grounded in practical application, not standard recitation. Participants understand not just what each requirement says but how organizations at different maturity levels are implementing it.
Implementation Roadmap Workshop
The capstone session: participants develop a structured NSRF Readiness Roadmap covering governance structures, data ownership assignments, assurance preparation, and reporting timelines. This is a working document, not a template, built for your organization's specific disclosure position and implementation context.
Group Discussions
Facilitated cross-functional discussions that draw out the different disclosure perspectives of participants from ESG, Finance, Investor Relations, Strategy, and HR, helping teams understand the interdependencies between their functions and build the internal alignment that effective IFRS disclosure requires.
Disclosure Gap Analysis Exercise
A structured hands-on workshop where participants review sample disclosures against IFRS requirements, identify gaps in their current coverage, data availability, and governance structures, and produce a prioritized gap register that directly feeds into the NSRF Readiness Roadmap developed in the final session.
Why Wellkinetics
Wellkinetics’ facilitators are active ESG and sustainability reporting consultants. The disclosure frameworks, gap assessment tools, and governance design approaches shared in this workshop are drawn from real IFRS-aligned reporting engagements.
Active ESG and Sustainability Advisory Practice
Wellkinetics operates across ESG advisory, sustainability reporting, and CSR; enabling our trainers to provide practitioner-level insights beyond academic knowledge.
Multi-Industry Exposure
Our consultants have worked and delivered trainings for multiple organisations from multiple industries on sustainability gap analysis, materiality assessment, stakeholder engagement, and ESG reporting; bringing sector relevant case material into the room.
Tools Drawn from Active Consulting Practice
The disclosure gap analysis tools, governance design frameworks, and NSRF Readiness Roadmap templates used in this workshop are the same tools Wellkinetics uses in sustainability reporting advisory engagements. Participants receive practical, field-tested materials, not generic templates.
HRDCorp Registered Training Provider
Wellkinetics is registered with HRDCorp. This program is claimable under the SBL-Khas scheme. We provide all documentation and guide your team through the claim process from start to finish.
In-House Training Delivery
IFRS S1 and S2 Training is designed for in-house delivery at your facility or a venue of your choosing.
- Delivered at your premises on a schedule that suits your disclosure calendar
- Industry-relevant case studies and application examples selected for your sector context
- Disclosure gap analysis exercise built around your organization's current reporting baseline
- NSRF Readiness Roadmap session adapted to your specific governance structure and implementation timeline
- Confidential discussion of your organization's specific disclosure challenges and gaps
- Suitable for cross-functional disclosure working teams of 10 to 30 participants
- HRDCorp claimable with all documentation provided
- Can be followed by ongoing IFRS S1 and S2 implementation advisory support
Frequently Asked Questions
What is the difference between IFRS S1 and IFRS S2?
IFRS S1 sets out general requirements for sustainability-related financial disclosures across all material sustainability topics, covering governance, strategy, risk management, and metrics and targets. IFRS S2 is a specific standard focused entirely on climate-related disclosures, requiring climate governance, physical and transition risk assessment, climate scenario analysis, and Scope 1-3 GHG emissions reporting. IFRS S2 is built on the same four-pillar framework as IFRS S1 but applies it specifically to climate. Both standards are issued by the ISSB and both are adopted by Malaysia’s NSRF.
Who needs to comply with IFRS S1 and S2 in Malaysia?
Malaysia’s NSRF, implemented through Bursa Malaysia’s sustainability reporting requirements, applies to listed companies with phased mandatory implementation timelines. Large public-listed companies are in scope first, with broader rollout following. Beyond listed companies, organizations in supply chains of listed entities, those seeking institutional financing, and companies with multinational stakeholders face growing expectations to align with IFRS-based sustainability reporting standards even before mandatory requirements apply to them directly.
Why should our full disclosure working team attend together rather than just the ESG team?
IFRS S1 and S2 require disclosures that span the entire organization. Finance must understand how climate risk connects to financial reporting. IR must communicate how sustainability affects long-term value creation. Legal and Compliance must understand governance requirements. HR must understand social and workforce metrics. Strategy must integrate material sustainability risks into forward planning. When only the ESG team attends, other functions remain uninformed of their responsibilities and implementation stalls. This workshop is designed to build shared understanding across all disclosure functions in a single day.
What is a disclosure gap analysis and what does your organization get from it?
A disclosure gap analysis compares an organization’s current sustainability disclosure practices against the specific requirements of IFRS S1 and S2. In this workshop, participants review sample disclosures against IFRS requirements, identify which elements are currently disclosed, which are partially covered, and which are absent or inadequately supported by data or governance. The output is a prioritized gap register that directly feeds into the NSRF Readiness Roadmap developed in the subsequent session.
Does our team need prior IFRS or sustainability reporting experience to attend?
Prior IFRS financial reporting experience is helpful but not required. Prior sustainability reporting experience is useful but the workshop begins with the regulatory context and standard fundamentals before progressing to application and gap assessment. Participants from non-finance functions, including HR, IR, Strategy, and Communications, will find the content accessible and directly relevant to their disclosure responsibilities.
Is this training HRDCorp claimable?
Yes. This program is claimable under HRDCorp’s SBL-Khas scheme for eligible Malaysian employers. Wellkinetics is a registered HRDCorp training provider. We provide all required documentation and guide your team through the portal submission process.
Build Your Team's IFRS S1 and S2 Disclosure Readiness in One Day.
Cross-functional. Application-focused. A gap assessment and a readiness roadmap your team leaves with completed. Build the internal capability your organization needs before the NSRF deadlines arrive.
Need Ongoing IFRS S1 and S2 Implementation Support?
Wellkinetics provides a broad range of sustainability and ESG advisory services across Malaysia and globally. Speak to our team to find out how we can support your organization beyond the training room.