From www.icaew.com: [UK context] The International Sustainability Standards Board (ISSB) proposed amendments to IFRS S2 to simplify reporting requirements for Scope 3 greenhouse gas emissions, particularly for financial institutions like banks and insurers.

The proposals aim to limit mandatory disclosures to “financed emissions,” while providing flexibility in classification systems and accommodating jurisdiction-specific measurement methods.

Additionally, companies may use alternative Global Warming Potential values if mandated, enhancing adaptability in diverse regulatory environments.