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Greenly’s expert-designed platform provides a holistic suite of sustainability services from
data collection to reporting, ensuring that you don’t just start strong, but improve
and adapt as regulations evolve.
TCFD has now been superseded by IFRS S2 as the global standard for climate-related financial disclosures. However, IFRS S2 was explicitly built on the TCFD framework — meaning its four core pillars (governance, strategy, risk management, and metrics & targets) remain fully embedded. For companies already aligned with TCFD, transitioning to IFRS S2 is straightforward.
IFRS S1 outlines general sustainability-related disclosure requirements, while IFRS S2 has fully integrated TCFD and focuses specifically on climate-related risks and opportunities. Both are issued by the ISSB (International Sustainability Standards Board) and aim to standardize ESG reporting for investors and regulators.
As of 2024, IFRS S1/S2 is mandatory & applies to companies operating in jurisdictions adopting ISSB standards. This includes public and private firms preparing sustainability disclosures for investors, particularly across the UK, EU, Canada, Australia, and emerging markets adopting ISSB.
IFRS S1 requires disclosure of material sustainability-related risks and opportunities and how they affect the company's financial position.
IFRS S2 specifically requires information on:
IFRS S1 and S2 consolidate and build upon frameworks like TCFD, SASB, and CDSB, providing a global baseline for sustainability reporting. CSRD is broader in scope (covering double materiality and social governance topics), while IFRS focuses primarily on information relevant to investors — particularly climate-related financial impacts. However, Greenly’s ESG App has shared data streams for each ESG framework: no need to re-collect or re-format.
Disclosures must be produced annually as part of your general financial reporting — typically published within the same timeframe as your audited financial statements. Greenly’s platform supports version tracking, collaboration between different teams, and year-on-year comparisons.
Timelines vary based on company size, complexity, and data readiness. Most companies can prepare a compliant report within 6–12 weeks using Greenly’s platform and expert support. Our tools accelerate data collection, emissions tracking, scenario planning, and disclosure drafting.