Clarifying IFRS S2

Global Corporate Reporting Institute��ISSB Standards Today��ISSB Standards digital hub��

(This article was published on 30 January 2025 and updated on 29 April 2025)

Highlights

�� Have your say by 27 June 2025

Targeted amendments to IFRS S2 Climate-related Disclosures could change the way companies disclose emissions.

Feedback on IFRS S2 from stakeholders �� including regulators, preparers and investors �� has focused on areas where clarification may help them to apply the standard. In response, the International Sustainability Standards Board (ISSB) is proposing the following amendments.��

Sinéad Slattery

IFRS Technical Director

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With these proposals, the ISSB is seeking to balance the needs of investors with the reporting burden on preparers, clarifying areas where practical implementation questions arise without disrupting companies�� existing planning.

Sinead Slattery,

Director

��㣨Leyu�� International Standards Group

What changes are being proposed?��

The ISSB is proposing the following changes to IFRS S2.��Use this quick reference card for a summary of key changes proposed.

What’s next?��

Read the proposals. Get involved and submit your comments to the ISSB by 27 June 2025.

The ISSB intends to finalise the amendments during 2025 and proposes an effective date as soon as possible (e.g. 1 January 2026, with early adoption permitted) to ensure that companies have time to adjust systems and avoid unnecessary work as they continue to implement the standards.

Actions for management��

Understand the ISSB^TM��and how they affect your company.
Be ready to update your gap assessment if already completed.
Consider whether you need to change your systems, processes and controls.
Have your say. For further information on the proposals, speak to your ��㣨Leyu�� contact and visit��to keep up to date with the latest news and discussion.

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