The IFRS Foundation’s International Sustainability Standards Board (ISSB) is implementing a series of amendments to the greenhouse gas (GHG) emissions disclosure requirements under its IFRS S2 climate-related reporting standard. The ISSB claims the amendments were made in response to challenges identified as companies started to apply the IFRS S2 Standard.
One of the most significant changes is an update to disclosure requirements regarding Scope 3 category 15 emissions; this is focused on value chain emissions relating to investments, such as financial services companies’ investment, financing and capital markets activities.
