The IFRS Foundation published guidance on climate-related transition plan disclosure to, among other things, help support the implementation of IFRS S2, its climate-related disclosure standard. While IFRS S2 doesn’t require companies to have a transition plan, it requires companies to provide material information about their sustainability-related risks and opportunities that could reasonably be expected to affect their prospects, including information about their climate-related transition as relates to how they mitigate and adapt to climate-related transition and physical risks.