IFRS Talks - PwC's Global IFRS podcast February 2026: Sustainability Reporting Update
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Feb 24, 2026 
Katie DeKaiser, Director in PwC's Global Corporate Reporting Services team who specializes in sustainability reporting. She discusses targeted IFRS S2 amendments for financed emissions and industry disaggregation. She covers the ISSB's move on nature (BEES) to standard‑setting and key technical issues. She also reviews GHG Protocol scope 2 updates and the revised, streamlined ESRS and its new reporting reliefs.
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Prepare For IFRS S2 GHG Amendments
- Entities should prepare to implement four targeted amendments to IFRS S2 finalized by the ISSB to address GHG disclosures.
- Key changes let entities limit Category 15 to financed emissions, choose an industry classification system, and use jurisdictional methods and GWP values, effective 1 Jan 2027 (early application permitted).
What Financed Emissions Actually Are
- Financed emissions are scope 3 emissions tied to investments, lending, or insurance activities and sit outside scope 1 and 2 disclosures.
- One amendment lets entities optionally limit Category 15 reporting to just financed emissions and requires explanatory disclosures if they take that relief.
Use Flexible Disaggregation For Financed Emissions
- Banks and insurers can disaggregate financed emissions using an industry classification system of their choice instead of the GICS, but must explain the system and rationale.
- Apply early adoption if helpful because all four amendments are effective for periods beginning on or after 1 Jan 2027, with early application permitted.