Interoperability Considerations for GHG Emissions when Applying GRI Standards and ISSB Standards

Year Published

2024

Contributing Organizations

International Financial Reporting Standards (IFRS)

Type of Resource

Guidance

Languages

English

Relevant Topics

Core Topic

Disclosure Standards

Topic 2

Climate Finance Ecosystem

Target Audience

All

Relevant Geography

Global

Resource Description

This resource compares GRI 305: Emissions 2016 and IFRS S2 Climate-related Disclosures, focusing on how companies can align Scope 1, 2, and 3 GHG emissions reporting across both standards.

Why This Matters

Supports companies in harmonizing climate disclosures under both frameworks, improving consistency and reducing reporting burden.

Key Insights

Shows high alignment on gross emissions, GHG types, and use of GHG Protocol
GRI allows more flexibility; IFRS S2 includes specific requirements and financial sector disclosures
Key differences include biogenic CO₂, market-based Scope 2 (GRI), and investee disaggregation, financed emissions (IFRS S2)
Recommends consistent use of Scope 3 categories and IPCC GWP rates
Includes a comparison table of methodologies, assumptions, and disclosure items

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