The International Sustainability Standards Board issued amendments to greenhouse gas emissions disclosure requirements in IFRS S2 Climate-related Disclosures.
The amendments are in response to feedback from the ISSB's consultation earlier this year. The changes are effective for reporting periods beginning on or after Jan. 1, 2026, with early application permitted. The board also issued amendments to align three SASB standards with the corresponding changes in IFRS S2.
"Our priority in delivering targeted amendments to IFRS S2 GHG emissions disclosure requirements has been to provide a timely response to challenges," ISSB vice chair Sue Lloyd said in a statement. "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."
The amendments:
- Clarify 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;
- Permit the use of alternative classification systems — beyond the Global Industry Classification Standard — to disaggregate information about financed emissions;
- Clarify the availability of the jurisdictional relief from using the GHG Protocol Standard, if only part of an entity is required to use a different method for measuring GHG emissions; and,
- Introduce a jurisdictional relief from using global warming potential values from the latest IPCC Assessment Report for converting GHG emissions.
