EFRAG Issues Final Comment Letter on ISSB’s Greenhouse Gas Disclosure Proposals
EFRAG has published its final comment letter (FCL) on the ISSB's Exposure Draft Amendments to Greenhouse Gas Emissions Disclosures – Proposed Amendments to IFRS S2 (the 'ED').
The FCL contributes to the ISSB’s due process, particularly regarding the applicability of IFRS S2 to preparers that comply with the ESRS, as a source of industry-specific guidance.
In the letter, EFRAG’s tentative view is that the proposal to omit the disclosure of emissions associated with derivatives, financed emissions and insured emissions reliefs should be temporary. This position should be reviewed in light of potential changes in reporting practices and the evolution of relevant methodologies.
Feedback
EFRAG conducted an online survey to gather views of European constituents on the ISSB's Exposure Draft Amendments to Greenhouse Gas Emissions Disclosures – Proposed Amendments to IFRS S2.
See the survey responses & comment letters received.