A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com

In this episode, we highlight the proposed amendments to IFRS S2, the climate-related disclosure standard from the International Sustainability Standards Board (ISSB). Learn how the changes aim to clarify greenhouse gas (GHG) reporting, specifically scope 3 emissions, and the potential implications they have on reporting.

In this episode, we discuss:

0:57 – Overview of IFRS S2, the role of the Transition Implementation Group, and what’s driving the amendments
3:52 – Clarifying the definition of scope 3 category 15 (investments) emissions
12:23 – Industry classification requirements for entities engaging in commercial banking and insurance-related activities
16:28 – How to apply jurisdictional relief for GHG measurement methodology
19:47 – Global warming potential (GWP) values and jurisdictional relief
22:55 – Next steps for the exposure draft and recommendations for reporters in the interim

Looking for the latest developments in sustainability reporting?

Refer to our publication on the ISSB’s exposure draft proposing amendments to IFRS S2
Read PwC’s Sustainability reporting guide
Check out other episodes in our sustainability reporting podcast series

About our guest

Marcin Olewinski is a PwC Assurance practice partner with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he’s focused extensively within the National Office on greenhouse gas emissions and sustainability reporting and leads PwC’s global technical working group focused on GHG.

About our host

Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com

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