ISSB Metrics and Targets

Question 1

Under IFRS S2, which three Scope categories of greenhouse gas emissions must an entity disclose?

Accepted Answer

Scope 1, Scope 2, and Scope 3

Answer

IFRS S2 requires disclosure of Scope 1 (direct), Scope 2 (energy indirect), and Scope 3 (other indirect) GHG emissions consistent with the GHG Protocol.

Question 2

What measurement protocol does IFRS S2 designate as the primary basis for measuring greenhouse gas emissions?

Accepted Answer

The GHG Protocol Corporate Accounting and Reporting Standard

Answer

IFRS S2 requires entities to measure GHG emissions using the GHG Protocol Corporate Accounting and Reporting Standard as the primary measurement basis.

Question 3

Which of the following is a cross-industry metric required by IFRS S1 that all entities must disclose regardless of their sector?

Accepted Answer

GHG emissions by Scope

Answer

IFRS S1 requires all entities to disclose GHG emissions by Scope as a cross-industry metric applicable regardless of industry.

Question 4

Under IFRS S2, what must an entity disclose when it has set a climate-related target?

Accepted Answer

The metric used to set and track progress, the target value, the target period, and a baseline period

Answer

IFRS S2 requires entities with climate targets to disclose the metric used, the target value, the target period, the baseline period, and progress made.

Question 5

What does 'Scope 2' GHG emissions refer to under the GHG Protocol as referenced in IFRS S2?

Accepted Answer

Indirect emissions from the generation of purchased energy consumed by the entity

Answer

Scope 2 covers indirect GHG emissions from the generation of purchased electricity, heat, steam, or cooling consumed by the reporting entity.

ISSB - International Sustainability Standards Board Practice Test

ISSB - International Sustainability Standards Board Practice Test

ISSB Metrics and Targets