The ISSB said the amendments ‘would reduce complexity, the risk of duplicative reporting and the cost of applying specific greenhouse gas emissions disclosure requirements in IFRS S2’.

The changes were made following feedback from company reporters after they experienced problems applying certain aspects of the new sustainability reporting rules.

The ISSB confirmed the decision to introduce targeted amendments was taken as result of ‘specific application challenges that were identified as companies started to apply the standard’.

 The amendments came about after feedback from the ISSB’s consultation earlier in the year and were developed with the ISSB’s Transition Implementation Group.

T