RIAA's response to the AASB on proposed relief by ISSB for specific GHG emissions disclosures:
Recognising the importance of globally aligned robust disclosure standards to positioning Australia’s economy in the current global climate, RIAA made several recommendations to the Australian Accounting Standards Board in response to the proposals for amendment of IFRS S2 by ISSB:
- RIAA is broadly supportive of the proposed amendments until such time as there is clear methodology and guidance for the areas of proposed relief.
- Proposed relief should be time-bound to incentivise the development of appropriate methodologies, safeguard against potential reporting arbitrage, and ensure the materiality of emissions are considered.
RIAA thanks those RIAA members who contributed to the development of this response.
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RIAA's response to the AASB on proposed relief by ISSB for specific GHG emissions disclosures:
Recognising the importance of globally aligned robust disclosure standards to positioning Australia’s economy in the current global climate, RIAA made several recommendations to the Australian Accounting Standards Board in response to the proposals for amendment of IFRS S2 by ISSB:
- RIAA is broadly supportive of the proposed amendments until such time as there is clear methodology and guidance for the areas of proposed relief.
- Proposed relief should be time-bound to incentivise the development of appropriate methodologies, safeguard against potential reporting arbitrage, and ensure the materiality of emissions are considered.
RIAA thanks those RIAA members who contributed to the development of this response.
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