EFRAG responds to ISSB’s emissions disclosure update
The European Financial Reporting Advisory Group (EFRAG) has published its Draft Comment Letter on the International Sustainability Standards Board’s (ISSB) proposed amendments to IFRS S2, focused on greenhouse gas emissions disclosures. EFRAG invites feedback by 20 June 2025.
The draft supports the ISSB’s effort to align with evolving practices, particularly regarding the treatment of financed, insured, and derivative-related emissions. However, EFRAG suggests that any omission of these disclosures should be temporary and subject to future review, as methodologies and practices mature.
This input plays a key role in harmonising global and European sustainability reporting standards, especially as preparers navigate both IFRS S2 and the European Sustainability Reporting Standards (ESRS). It also underscores the importance of clarity and comparability in climate disclosures.
High-quality, consistent emissions data is fundamental to effective ESG reporting—and that starts with robust, structured disclosure frameworks. Feedback like this helps ensure digital sustainability data remains decision-useful and machine-readable.
Read and respond to the draft here.
