Document ID: chunk:federal_register_of_legislation:F2024L01472:body:0:p70
Version: federal_register_of_legislation:F2024L01472
Segment Type: other
Provision Reference: 
Character Range: 200084–202960

entities might provide information about their market-based Scope 2 GHG emissions if they consider it would be useful to the users of their climate-related financial disclosures; and
          2.                    if NGER Scheme legislation is updated in the future to require the reporting of market-based Scope 2 GHG emissions, NGER reporters may elect to disclose that information when preparing climate-related financial disclosures under AASB S2.

Scope 3 GHG emission categories
 1.             Consistent with IFRS S2, the AASB decided to require an entity to disclose the sources of its Scope 3 GHG emissions using the 15 categories in the GHG Protocol.
 2.             ED SR1 proposed not to prescribe specific categories an entity must use to categorise its sources of Scope 3 GHG emissions. Instead, ED SR1 included the 15 categories in the GHG Protocol as examples of categories that an entity could consider when categorising the sources of its emissions.
 3.             The AASB observed that there was a consensus among stakeholders that the 15 categories in the GHG Protocol are well understood, sufficiently broad, and widely applied by entities in Australia and internationally. Accordingly, the AASB decided to incorporate in AASB S2 the requirements set out in IFRS S2 paragraphs B32–B33 without modification.
 4.             The ISSB noted in paragraph BC110 of the Basis for Conclusions to IFRS S2 that the categories included in an entity's Scope 3 measurement will depend on the entity's facts and circumstances. An entity is required to consider the relevance of all 15 categories, but might determine that not all categories are applicable to the entity and therefore do not need to be included in the disclosure of its Scope 3 GHG emissions.
 5.             Chapter 5 of the Greenhouse Gas Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard (2011) states that any Scope 3 activities not captured by the 15 categories may be reported separately. Consistent with IFRS S1 paragraphs 15(b) and B26 (incorporated in Appendix D of AASB S2) regarding providing additional information to ensure a fair presentation in the GPFR, an entity separately reports material Scope 3 GHG emissions that are not captured by the activities under the 15 categories in the GHG Protocol.

Reporting Scope 3 GHG emissions using information for a period different from the entity's reporting period
 1.             The AASB observed that paragraph B19 of the Standard (and IFRS S2) allows an entity to measure its GHG emissions using information for reporting periods that are different from its own reporting period, if certain conditions are met. Therefore, the AASB decided to omit from AASB S2 paragraph AusB39.1 in [draft] ASRS 2 as proposed in ED SR1, which proposed to permit an entity to measure and disclose its Scope 3 GHG emissions using