ISSB Exposure Draft – Targeted amendments to IFRS S2

The proposed amendments respond to feedback on implementation of IFRS S2 and include reliefs relating to: 

• measuring and disclosing Scope 3 Category 15 GHG emissions associated with derivatives and other financial activities; 
• use of the Global Industry Classification Standard (GICS), in some circumstances, when disclosing disaggregated financed emissions information; 
• use of jurisdictional GHG emissions measurement methods other than the Greenhouse Gas Protocol; and permission to use locally required Global Warming Potential (GWP) values.  

These proposed amendments deal with provisions that entities will be able to choose to apply, and jurisdictions will be able to choose whether to adopt them, while maintaining the same degree of alignment with IFRS Sustainability Disclosure Standards.  

Comments on the proposals are due by 27 June 2025. 

ISSB exposure draft