Discover how consultants help Philippine companies align sustainability reports with IFRS S1, IFRS S2, and TCFD. Elevate ESG reporting with GCSS, Inc.

Updated October 2025

The global sustainability reporting landscape is converging. With the launch of the International Financial Reporting Standards (IFRS) S1 and S2, and the growing dominance of the Task Force on Climate-related Financial Disclosures (TCFD), companies face mounting pressure to produce investor-grade ESG reporting.

For Philippine businesses—already subject to SEC Memorandum Circular No. 10, s. 2022—this convergence means that sustainability reporting is no longer just about compliance. It’s about aligning with global best practices, securing investor confidence, and preparing for the transition to a net zero economy.

Why IFRS S1, S2, and TCFD Matter

• IFRS S1 establishes a baseline for general sustainability disclosures, ensuring companies communicate material ESG risks and opportunities
• IFRS S2 zeroes in on climate-related disclosures, fully integrating the TCFD’s four pillars: governance, strategy, risk management, and metrics & targets
• TCFD has become the global benchmark for climate reporting, now embedded into regulatory and investor expectations worldwide

Together, they set the standard for transparency and comparability—qualities investors demand before deploying capital.

The Consultant’s Role in IFRS and TCFD Alignment

1. Disclosure Mapping

Consultants help companies translate local reporting requirements into IFRS-aligned disclosures. For example:

• Mapping SEC MC 10, s. 2022 templates against IFRS S1 and S2
• Ensuring climate-related metrics meet TCFD expectations
• Avoiding duplication while maintaining consistency across frameworks

2. Strengthening Corporate Governance

Investors want assurance that sustainability is not siloed in CSR teams—it must be embedded in board-level governance. Consultants support by:

• Defining ESG oversight structures at the board and executive level
• Advising audit and risk committees on sustainability risks
• Embedding ESG into long-term corporate governance practices

3. Building Robust Data Systems

Accurate, auditable data is the backbone of investor-grade sustainability reporting. Consultants provide:

• System design for consistent ESG data collection
• Training staff on data accuracy and assurance
• Tools for scenario analysis on climate risks and net zero pathways

4. Driving Materiality and Stakeholder Engagement

Alignment with IFRS and TCFD requires companies to disclose issues that are material to both business and stakeholders. Consultants help by:

• Conducting double materiality assessments
• Facilitating dialogue with investors, regulators, and communities
• Prioritizing issues such as climate change, supply chain resilience, and green financing

Why Companies Need Consultants Now

Aligning with IFRS S1, S2, and TCFD is complex. Many Philippine companies face challenges such as:

• Limited in-house expertise on evolving frameworks
• Fragmented ESG data systems
• Board members unfamiliar with global disclosure expectations

A trusted sustainability consultant bridges these gaps—ensuring compliance while turning reporting into a strategic tool for investor trust and competitive advantage. 

Ready to move from compliance to credibility?
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Conclusion: Your Path to Global-Standard Reporting

As 2025 approaches, companies that align their sustainability reporting with IFRS S1, S2, and TCFD will be best positioned to access green financing, global investors, and long-term resilience.

The frameworks are clear. The opportunity is now. The question is—will your company lead or lag?

Reach out at sales@gcssinc.com to begin your IFRS- and TCFD-aligned ESG journey. Book your discovery call here and talk to our experts today.

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With GCSS, Inc. as your sustainability consultant, turn ESG reporting into investor confidence, corporate governance into resilience, and compliance into long-term value.