IFRS Foundation and GRI publish summary of interoperability considerations for GHG emissions
18 Jan, 2024
The Global Reporting Initiative (GRI) and the IFRS Foundation have jointly published an analysis and mapping document titled ‘Interoperability considerations for GHG emissions when applying GRI Standards and ISSB Standards’.
The document illustrates the areas of interoperability between GRI 305: Emissions 2016 and IFRS S2 Climate-related Disclosures that an entity should consider when measuring and disclosing Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions in accordance with both standards.
The press release states that the requirements in GRI 305 and IFRS S2 are highly aligned as, for example, both standards draw on the GHG Protocol. The high degree of alignment will help entities that already disclose Scope 1, 2 and 3 GHG emissions using the GRI standards to report information about GHG emissions in accordance with IFRS S2. Entities can also align other GHG emissions disclosures, depending on the choices they make in applying GRI 305 and IFRS S2.
For more information and access to the document, please see the press release on the IFRS Foundation website.
