The European Financial Reporting Advisory Group (EFRAG) published its final comment letter on the International Sustainability Standards Board’s (ISSB) exposure draft proposing amendments to greenhouse gas emissions disclosure requirements in IFRS S2. The letter is positioned as input to the ISSB’s due process, with a particular focus on how IFRS S2 would apply for preparers that report under the European Sustainability Reporting Standards (ESRS) and use IFRS S2 as a source of industry-specific guidance. EFRAG’s tentative view is that the exposure draft’s proposed reliefs to omit certain disclosures, including emissions associated with derivatives and the disclosure of financed and insured emissions, should be temporary and reviewed as reporting practices change and relevant methodologies evolve.
European Financial Reporting Advisory Group 2025-06-26
European Financial Reporting Advisory Group issues final comment letter urging temporary IFRS S2 relief on derivatives, financed and insured emissions
EFRAG released its final comment letter on the ISSB's exposure draft amending greenhouse gas emissions disclosure requirements in IFRS S2. EFRAG suggests proposed reliefs to omit certain disclosures should be temporary and reassessed as reporting practices develop. The letter serves as input to the ISSB’s due process, focusing on applying IFRS S2 for those reporting under the ESRS.