EFRAG Joins GHG Protocol Independent Standards Board as Observing Entity

EFRAG is pleased to announce its participation as an Observing Entity on the GHG Protocol Independent Standards Board (ISB), joining other key global standard-setting and disclosure organisations. The GHG Protocol welcomed five new Observing Entities, including EFRAG, CDP, GRI, ISSB, and SBTi, to support enhanced collaboration and alignment across the greenhouse gas (GHG) accounting and reporting ecosystem.

As an Observing Entity, EFRAG will participate in ISB meetings in a non-voting capacity, contributing its expertise to ongoing standard development and revision processes. This collaboration builds on EFRAG’s commitment to fostering quality and comparability in sustainability reporting, particularly with regard to climate-related disclosures.

EFRAG welcomes this opportunity to work alongside leading organisations in advancing interoperability and driving progress in the global sustainability landscape.

Patrick de Cambourg, Chair of the EFRAG Sustainability Reporting Board, stated:

“EFRAG is pleased to join the GHG Protocol Independent Standards Board as an Observing Entity, reinforcing our commitment to fostering quality in sustainability reporting. Our goal is to contribute to a more consistent and comparable approach to GHG accounting. This cooperation will support companies in navigating climate-related disclosures effectively, ensuring transparency and reliability in sustainability reporting. We look forward to the progress in GHG accounting that the Independent Standards Board will foster.”

Pedro Faria, EFRAG Environment Lead and Observer on the ISB, added:

“Participating in the ISB offers a valuable opportunity to strengthen the technical dialogue between EFRAG and GHG Protocol. It will allow us to ensure that the ESRS climate disclosures remain interoperable and reflect the most up-to-date practices in emissions reporting, while continuing to support preparers in meeting global expectations.”

For more information, visit the GHG Protocol announcement.