IFRS Foundation, GRI Issue GHG Emissions Reporting Guide

The International Financial Reporting Standards (IFRS) Foundation and Global Reporting Initiative (GRI) have released a summary of interoperability considerations for companies reporting on greenhouse gas (GHG) emissions using both sets of standards. The publication illustrates how companies can measure and disclose Scope 1, Scope 2 and Scope 3 GHG emissions in accordance with both the GRI 305: Emissions and the IFRS S2 Climate-related Disclosures. The two standards are largely aligned, as they both draw on the GHG Protocol – a widely used framework for accounting and reporting GHG emissions. The new resource aims to support more efficient reporting, and is the result of ongoing collaboration between the IFRS Foundation and GRI. The two organisations have worked together since March 2022 under a collaboration agreement that seeks to achieve coordination in their sustainability-related work programmes and standard-setting activities. In November 2023, the GRI launched the Singapore-based Sustainability Innovation Lab (SIL) in coordination with the IFRS Foundation. The SIL brings together global and local partners to advance capabilities for reporting using both the GRI standards and standards from the International Sustainability Standards Board. 

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top