We drafted an IFRS S2 disclosure, live, from real source documents
On Tuesday 23 June, our team showed how Terrascope's Climate Reporting module turns governance charters, policies and reports into a disclosure-ready draft: aligned with IFRS S2, reviewed by your team, and traceable to source. See the same thing happen on your own data.
What the session covered
This was a 45-minute working session for sustainability and finance teams preparing disclosures under IFRS S2-aligned standards across APAC. Led by Lia Nicholson (Head of Sustainability) and Siang Hou Tang (Senior Director of Product), with Q&A from Nick Metz (Business Development, ANZ).
The session opened with where corporate climate reporting sits today: an accountability phase, largely set by IFRS S2. One baseline that's comparable globally, mandatory, and being adopted fast. Forty jurisdictions are progressing toward IFRS S1 and S2, nineteen of them already finalised. It then moved into a live demo drafting disclosures for an ASRS Group 1 company, and closed with practitioner Q&A.
Key Takeaways
1. AI handles the mechanical 80% of the disclosure. The demo drafted IFRS S2 disclosures across the four pillars (governance, strategy, risk management, and metrics and targets), plus the sector-specific disclosures configured automatically for the company's industry. Your team spends its time on the strategic 20%.
2. Your numbers flow in, already measured. Metrics and targets populate from the measurements Terrascope has already done. Scope 1, 2 and 3 sync straight into the report, so the GHG figures in your disclosure trace back to source.
3. Every change is part of the audit trail. Role-based review through editor, reviewer and carbon manager keeps drafting and sign-off in one place. Each edit, comment and approval is logged, so when assurance asks who changed what and when, the answer is already there.
4. The draft gets close to a published report. Against Iluka Resources' publicly published annual report, the AI-drafted governance disclosure scored 0.67 similarity (out of a maximum of 1), close to the final, with the published version adding more specific evidence. The more complete your source documents, the closer the final draft will be.
5. One file out, gaps flagged. The module flags which disclosures your uploaded documents don't yet cover, so you can see where the gaps are. When you're ready, export accepted disclosures, or the full questionnaire, to a single audit-ready Excel file with owners, answers and timestamps.
Who's it for
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Sustainability and finance teams preparing for, or already reporting under, IFRS S2-aligned standards: industrials, mining, agriculture, energy, food and other physical-asset-heavy businesses preparing climate disclosures.
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Sustainability or climate reporting leads at listed or large privately held companies.
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Finance controllers, internal audit leads and assurance leads supporting a first IFRS S2-aligned disclosure.
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