ISSB consults on amendments to IFRS S2 until 27 June 2025

On 28 April, the ISSB has published the exposure draft Amendments to Greenhouse Gas Emissions Disclosures Proposed to IFRS S2 for public consultation. The amendments respond to implementation issues of IFRS S2 Climate-related disclosures and include:

• relief from measuring and disclosing Scope 3 Category 15 GHG emissions associated with derivatives and some financial activities;
• relief from the use of the Global Industry Classification Standard, 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;
• permission to use jurisdiction-required Global Warming Potential values that are not from the latest Intergovernmental Panel on Climate Change.

The feedback period ends on 27 June 2025. Further information and the consultation draft, together with the Basis for Conclusions, are available on the IFRS Foundation website.