IFRS Foundation publishes comparison of IFRS S2 with the TCFD recommendations
IFRS Foundation publishes comparison of IFRS S2 with the TCFD recommendations
The IFRS Foundation has published a comparison of the requirements in IFRS S2 Climate-related Disclosures and the TCFD recommendations.
The requirements in IFRS S2 are consistent with the four core recommendations and eleven recommended disclosures published by the TCFD. Therefore, the entities that apply the ISSB Standards will meet the TCFD recommendations and do not need to apply the TCFD recommendations in addition to the ISSB Standards.
However, there are additional requirements in IFRS S2, which include the following:
The requirements in IFRS S2 are consistent with the four core recommendations and eleven recommended disclosures published by the TCFD. Therefore, the entities that apply the ISSB Standards will meet the TCFD recommendations and do not need to apply the TCFD recommendations in addition to the ISSB Standards.
However, there are additional requirements in IFRS S2, which include the following:
- Disclosure of industry-based metrics;
- Disclosure of information about the entity’s planned use of carbon credits to achieve its net emissions targets; and
- Disclosure of additional information about their financed emissions.