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The ISSB launched a public consultation on this Exposure Draft that proposes the following and other amendments to its IFRS S2 (climate-related disclosure) standards:

• Relief from measuring and disclosing Scope 3 Category 15 GHG emissions associated with derivatives and some financial activities
• Relief from the use of the GICS in certain circumstances for disclosure of disaggregated financed emissions information
• Clarification on the jurisdictional relief to use a measurement method other than the Greenhouse Gas Protocol for measuring GHG emissions
• Permission to use jurisdiction-required Global Warming Potential (GWP) values that are not from the latest Intergovernmental Panel on Climate Change (IPCC)

The Exposure Draft is open until June 27. Comments may be submitted via this survey (pdf here) or a comment letter (sign in required).

See the release; these articles: “ISSB proposes easing corporate scope 3 reporting requirements” (ESG Dive), “ISSB Eases Scope 3 Reporting Requirements for Financial Sector” (ESG Today), and “ISSB Proposes Relief for Scope 3 Reporting Requirements in Financial Sector” (ESG News); and additional resources on our Climate Disclosure page.

                          This post first appeared in the weekly Society Alert!