ISSB approves IFRS S2 relief on Scope 3 Category 15

On 25 September the International Sustainability Standards Board approved amendments to IFRS S2 Climate-related Disclosures relating to Scope 3 Category 15 greenhouse gas (GHG) emissions.

The proposed amendments provide a relief allowing entities to limit their measurement and disclosure of Scope 3 Category 15 emissions to financed emissions, thereby excluding other financial activities such as derivatives, facilitated emissions, and insurance-associated emissions.