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MetricClimate-related financial disclosures

Assets or business activities vulnerable to climate-related physical risks

Measurement answer

What this metric measures

Reports assets or business activities vulnerable to climate-related physical risks under IFRS S2.

Specification

Metric specification

Result format
Multi-field profile
Unit
Structured table — see field-level units
Reporting basis
Annual reporting period aligned with the related financial statements
Aggregation
Aggregate only compatible, non-overlapping observations with the same reporting entity, period, boundary, population, unit, denominator and IFRS S2 edition.
Pillar
Environmental
Topic
Climate-related financial disclosures
Controlled domain
Sustainable finance
Entity type
Metric

Reporting boundary

The reporting entity and climate-related risk, opportunity, activity or exposure population declared for the IFRS S2 disclosure.

Verified source occurrences

Framework coverage

This is one canonical metric. The bindings below show every verified framework occurrence without creating duplicate metric pages. Edition, disclosure, role, and relationship remain source-specific.

  • Adopting Disclosure

    Australian Sustainability Reporting Standards

    physical-risk-exposure
    Publisher
    Australian Accounting Standards Board
    Edition
    AASB S1 and AASB S2 September 2024; AASB S2025-1 December 2025 effective 1 January 2027
    Requirement
    Conditional
    Relationship
    Reuses Canonical Metric
    Mapping outcome
    Reused
    Source locator
    AASB S2 paragraph 29(c)
    Open official framework source
  • Adopting Disclosure

    Canadian Sustainability Disclosure Standards

    physical-risk-exposure
    Publisher
    Canadian Sustainability Standards Board
    Edition
    CSDS 1 and CSDS 2 issued December 2024; April 2026 CSDS 2 GHG amendments remain proposed
    Requirement
    Conditional
    Relationship
    Reuses Canonical Metric
    Mapping outcome
    Reused
    Source locator
    CSDS 2 paragraph 29(c)
    Open official framework source
  • Adopting Disclosure

    HKFRS Sustainability Disclosure Standards

    physical-risk-exposure
    Publisher
    Hong Kong Institute of Certified Public Accountants
    Edition
    HKFRS S1 and HKFRS S2 issued 12 December 2024; February 2026 GHG amendments effective 1 January 2027
    Requirement
    Conditional
    Relationship
    Reuses Canonical Metric
    Mapping outcome
    Reused
    Source locator
    HKFRS S2 paragraph 29(c)
    Open official framework source
  • Adopting Disclosure

    IFRS S2 Climate-related Disclosures

    Source evidence
    Publisher
    IFRS Foundation / International Sustainability Standards Board
    Edition
    Issued June 2023
    Requirement
    Not Specified
    Relationship
    Defines Disclosure
    Mapping outcome
    Direct Evidence
    Source locator
    page 16, section (c)
    Open official framework source
  • Adopting Disclosure

    IFRS S2 Climate-related Disclosures

    4fc29dfd6584552a1d6d
    Publisher
    IFRS Foundation / International Sustainability Standards Board
    Edition
    Issued June 2023
    Requirement
    Not Specified
    Relationship
    Maps Source Identity
    Mapping outcome
    Published
    Source locator
    page 16, section (c)
    Open official framework source
  • Adopting Disclosure

    IPSASB SRS 1 Climate-related Disclosures

    public-sector-physical-risk-exposure
    Publisher
    International Public Sector Accounting Standards Board
    Edition
    IPSASB SRS 1, issued January 2026; effective 1 January 2028
    Requirement
    Conditional
    Relationship
    Reuses Canonical Metric
    Mapping outcome
    Reused
    Source locator
    paragraph 28(c) | paragraphs AG85-AG86
    Open official framework source
  • Adopting Disclosure

    SSBJ Sustainability Disclosure Standards

    climate-80-physical-risk
    Publisher
    Sustainability Standards Board of Japan
    Edition
    Application, General and Climate Standards amended 13 March 2026; Practical Standard No. 1 issued 11 June 2026
    Requirement
    Not Specified
    Relationship
    Reuses Canonical Metric
    Mapping outcome
    Reused
    Source locator
    Climate Standard paragraph 80; Comparison of ISSB and SSBJ Standards page 5
    Open official framework source
  • Adopting Disclosure

    Aotearoa New Zealand Climate Standards

    nz-cs1-22-d-physical-risk
    Publisher
    New Zealand External Reporting Board
    Edition
    NZ CS 1, NZ CS 2 and NZ CS 3 issued 14 December 2022; NZ CS 2 consolidated through November 2025 adoption amendments
    Requirement
    Conditional
    Relationship
    Reuses Canonical Metric
    Mapping outcome
    Reused
    Source locator
    NZ CS 1 paragraph 22(d)
    Open official framework source
  • Adopting Disclosure

    Türkiye Sustainability Reporting Standards

    physical-risk-exposure
    Publisher
    Public Oversight, Accounting and Auditing Standards Authority
    Edition
    TSRS 1 and TSRS 2 effective 1 January 2024; TSRS 2 GHG amendments effective 1 January 2027
    Requirement
    Conditional
    Relationship
    Reuses Canonical Metric
    Mapping outcome
    Reused
    Source locator
    TSRS 2 paragraph 29(c)
    Open official framework source
  • Adopting Disclosure

    UK Sustainability Reporting Standards

    physical-risk-exposure
    Publisher
    UK Department for Business and Trade
    Edition
    UK SRS S1 and UK SRS S2, issued 25 February 2026 (final, voluntary use)
    Requirement
    Conditional
    Relationship
    Reuses Canonical Metric
    Mapping outcome
    Reused
    Source locator
    UK SRS S2 paragraph 29(c)
    Open official framework source

Value structure

Dimensions and units

Unit
Structured table — see field-level units
Reporting basis
Annual reporting period aligned with the related financial statements

Unit meaning: Each field uses its source-defined unit and retains the applicable population, reporting period, organizational boundary, IFRS S2 edition and method.

Table fields and units

  • Exposure base: assets or business activities
  • Vulnerable amount (reporting currency or source-defined activity unit)
  • Vulnerable percentage (%)
  • Compatible total population used as denominator
  • Boundary, concentration, horizon and method notes

Published dimensions

  • Assets or business activities
  • Risk or opportunity type
  • Time horizon
  • Reporting entity and organizational boundary
  • Reporting period
  • IFRS S2 edition and early-application status

Calculation method

Formula information

Status
Specified
Formula type
Percentage

Formula

P = A / T * 100

Apply the source-defined IFRS S2 method only within the disclosed population, reporting period and organizational boundary. IFRS S2 explicitly requires this standalone cross-industry or applicability-conditioned reporting result. Repeated source occurrences are consolidated by the frozen IFRS S2 merge key while preserving the 2023 edition, population, boundary, unit and method dimensions.

Variables

SymbolVariableDefinitionUnit
Avulnerable amountAmount of assets or business activities vulnerable within the declared population.Dimensionless
Tcompatible total populationTotal assets or business activities measured on the same basis, boundary, period, unit and scale.Dimensionless

Verified sources

Evidence and status sources

Sustopedia checked each record-specific claim directly against primary publisher material. Labels distinguish current measurement authority from future compatibility and corroborative, legal, edition, or method status context. Corroborative evidence can support a stated limitation but cannot establish the core measurement by itself.

Measurement evidence

  • Measurement evidenceChecked 28 August 2026

    IFRS S2 Climate-related Disclosures

    Publisher
    IFRS Foundation / International Sustainability Standards Board
    Edition
    Issued June 2023
    Locator
    page 16, section (c)

    Supports: The official IFRS S2 source supports the identity, boundary and method basis of “Assets or business activities vulnerable to climate-related physical risks”.

    Open official source

Use with context

Interpretation boundaries

Method disclosures required

Source-edition basis: IFRS S2 Climate-related Disclosures, Issued June 2023.

  • Reporting entity, period, unit, scale and organizational boundary
  • Population, inclusions, exclusions, estimation status and comparative basis
  • Applicable IFRS S2 edition, transition relief and early-application status

Record-specific limitations

  • Values from different populations, boundaries, denominators, methods or editions are not directly comparable or aggregable.
  • A missing or inapplicable result is unavailable or not applicable, never zero unless the reporting entity explicitly reports zero.

Interpret this metric with the stated reporting boundary, period convention, value shape, and unit. Results prepared with different boundaries or conventions may not be directly comparable.

Measurement evidence supports the core record-specific claims described above. Corroborative evidence can support limitations, while compatibility and status sources provide their separately labelled context. None of these cards by itself determines an organisation's legal applicability, filing readiness, assurance status, or compliance conclusion.