ISSB and GRI alignment for GHG reporting

Posted on January 28, 2024 by Editor

The Global Reporting Initiative (GRI) and the IFRS Foundation have collaborated to recently publish “Interoperability considerations for GHG emissions when applying GRI Standards and ISSB Standards.” The publication serves as a guide for companies navigating the measurement and disclosure of Scope 1, Scope 2, and Scope 3 greenhouse gas (GHG) emissions.

Both standards draw on the GHG Protocol, offering companies adept at GRI Standards an advantageous position for reporting GHG emissions in accordance with IFRS S2. Depending on a company’s choices in applying GRI 305 and IFRS S2, alignment can extend to other GHG emissions disclosures.

This collaboration underscores ongoing action from the GRI and the IFRS Foundation to streamline reporting processes, supporting companies utilising both the ISSB Standards and the GRI Standards.

As more sustainability reporting frameworks around the world – including Europe’s Corporate Sustainability Reporting Directive (CSRD) and the upcoming mandate(s) in the US at a state and federal level – come into play, we hope to see more guidance and movement towards harnessing the interoperability between these frameworks for global comparability and enhanced efficiency.

Explore the interoperability resource here.

Other Posts


Would you like
to learn more?

Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.

By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy