Greenhouse gas emissions disclosure requirements amended

Revisions in response to consultation feedback.

Targeted changes to greenhouse gas (GHG) emissions disclosure requirements in IFRS (International Financial Reporting Standards) S2 Climate-related Disclosures have been made by the International Sustainability Standards Board (ISSB).

The amendments include clarifications on the availability of the jurisdictional relief from using the GHG Protocol Standard, and that an entity is permitted to limit measurement and disclosure of Scope 3 Category 15 GHG emissions to financed emissions as defined in IFRS S2.

Effective for reporting periods from 2027, the revisions are based on feedback from the consultation conducted by the ISSB this year.

"Our priority in delivering targeted amendments to IFRS S2 GHG emissions disclosure requirements has been to provide a timely response to challenges," said ISSB Vice-Chair Sue Lloyd.

"We are confident that the amendments will bring real relief to companies applying ISSB Standards without significantly affecting the decision-usefulness of information for investors."

Early application (before 2027) of the amendments is allowed.