IFRS Foundation Publishes Near-final Draft of Illustrative Examples on Climate-related and Other Uncertainties

Today, the IFRS Foundation published a near-final draft of examples of disclosures for climate-related and other uncertainties (see also the IASB’s project page on Climate Related and Other Uncertainties in the Financial Statements).

The examples illustrate the IFRS requirements for disclosures on climate-related and other uncertainties using typical fact patterns. The current draft reflects the IASB’s latest deliberations. In particular, Examples 1 and 2 have been combined and Example 5 has been deleted compared to previous versions. The IFRS Foundation points out that although all examples now relate to climate-related uncertainties, the scenarios provide guidance for all types of uncertainties.

By publishing the drafts before the final adoption by the IASB, the IFRS Foundation aims to make it easier for affected companies to prepare early for the application of the examples. The examples are not part of the EU-endorsed standards. They do not have an effective date and therefore take immediate effect on European companies. The final publication is planned for October 2025 and should therefore be considered in the coming reporting season.

The DRSC contributed to the process of developing the examples, for instance by submitting a comment letter encompassing a critical assessment of the earlier draft (we reported).