The Sustainability Standards Board of Japan (SSBJ) has amended the Scope 3 GHG emissions requirements in its sustainability reporting standards to align with the recent updates to IFRS S2.
Last year, the ISSB issued targeted amendments to the Scope 3 requirements in S2, permitting entities to limit their Category 15 disclosures to emissions associated with loans and investments.
In addition, the revised international climate standard permits the use of classification systems other than the Global Industry Classification Standard for the disaggregation of financed emissions information. Consequential amendments have also been made to three SASB standards.
The SSBJ has updated Japan’s ISSB-aligned standards to align with these revisions to IFRS S2 and the SASB standards.
SSBJ chair Yasunobu Kawanishi stated: “It is more important than ever that SSBJ Standards maintain the functional alignment with ISSB Standards. The timely issuance of the Amendments enables entities that apply SSBJ Standards to report in the same manner as those entities that apply ISSB Standards.”
The comparative table of the ISSB and SSBJ standards will be updated to reflect these amendments.
People:Yasunobu Kawanishi