ISSB releases Exposure Draft on targeted amendments to IFRS S2
ISSB releases Exposure Draft on targeted amendments to IFRS S2
The International Sustainability Standards Board (ISSB) has published an Exposure Draft proposing targeted amendments to IFRS S2 Climate-related Disclosures to ease the application of requirements related to the disclosure of greenhouse gas (GHG) emissions.
These amendments aim to address specific application challenges while maintaining the decision-usefulness of information for investors. The proposed changes include the following:
More information and the Exposure Draft is available in the press release.
These amendments aim to address specific application challenges while maintaining the decision-usefulness of information for investors. The proposed changes include the following:
- Permit relief from measuring and disclosing Scope 3 Category 15 GHG emissions associated with derivatives and some financial activities;
- Permit relief from the use of the Global Industry Classification Standard (GICS), in some circumstances, in disclosing disaggregated financed emissions information;
- Clarification on the jurisdictional relief to use a measurement method other than the Greenhouse Gas Protocol for measuring GHG emissions; and
- Allow to use jurisdiction-required Global Warming Potential (GWP) values that are not from the latest Intergovernmental Panel on Climate Change (IPCC).
More information and the Exposure Draft is available in the press release.