Amendments to Greenhouse Gas Emissions Disclosures (Amendments to IFRS S2)

The ISSB met on 28 October 2025 to discuss proposed amendments to align the SASB Standards with the prospective Amendments to Greenhouse Gas Emissions Disclosures, which will amend IFRS S2 Climate-related Disclosures (prospective amendments to IFRS S2).  

The ISSB tentatively decided to amend the financed emissions metrics in the Asset Management & Custody Activities, Commercial Banking and Insurance SASB Standards by: 

1. adding a cross-reference to the IFRS S2 definition of ‘financed emissions’ and clarifying that an entity applying those SASB Standards is permitted to exclude greenhouse gas (GHG) emissions attributable to derivatives when disclosing financed emissions information; and
2. amending those metrics so that an entity that has excluded GHG emissions attributable to derivatives would explain what it treated as a derivative for the purpose of applying the relief to enable an understanding of how it applied the relief, such as by describing whether the items meet the definition of a derivative in accordance with the generally accepted accounting principles or practices applied in the related financial statements.

All 10 ISSB members present agreed with this decision. Two members were absent.

The ISSB also tentatively decided to update the cross-references to paragraphs B62–B63 of IFRS S2 in the Commercial Banking and Insurance SASB Standards to reflect the prospective amendments to IFRS S2. 

All 10 ISSB members present agreed with this decision. Two members were absent.

The ISSB also tentatively decided to set an effective date for the consequential amendments for annual reporting periods beginning on or after 1 January 2027, with early application permitted.

All 10 ISSB members present agreed with this decision. Two members were absent.