Proposed relief for specific GHG emissions disclosures

Tuesday, April 29, 2025

The AASB is currently consulting on proposed amendments to AASB S2.

AASB ED SR2 Amendments to Greenhouse Gas Emissions Disclosures proposes additional relief for specific greenhouse gas emissions disclosure requirements.  This includes GHG associated with derivatives, investment banking and insurance underwriting, application of the Global Industry Classification Standard; use of Greenhouse Gas Protocol measures and the use of global warming potential values.

AASB ED SR2 incorporates the International Sustainability Standards Board (ISSB) ED/2025/1 proposing amendments to IFRS S2 related to:

• the measurement and disclosure of Scope 3 Category 15 greenhouse gas (GHG) emissions associated with derivatives and with specific financial activities related to investment banking (facilitated emissions) and insurance and reinsurance underwriting (insurance-associated emissions);
• the use of the Global Industry Classification Standard in applying specific requirements related to the disclosure of information about financed emissions;
• the use of a method for measuring GHG emissions other than the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (2004), if a jurisdictional authority or an exchange on which the entity is listed requires the use of a different measurement method for a part of the entity; and
• the use of global warming potential (GWP) values other than the GWP values based on a 100-year time horizon from the latest Intergovernmental Panel on Climate Change assessment available at the reporting date, if a jurisdictional authority or an exchange on which the entity is listed requires the use of different GWP values.

Please submit your comments to the AASB by 2 June 2025 via the AASB website or email to [email protected] or via the survey.