Global Rulemaker to Ease Some Climate Reporting Requirements

A board that sets global sustainability reporting guidelines said Monday it wanted to scrap some of its climate reporting requirements less than two years after they were published to make it easier for companies to comply.

The International Sustainability Standards Board published an exposure draft of the proposed changes for IFRS S2 Climate-related Disclosures for public comments by June 27. Investors would be allowed to skip some reporting of greenhouse gas emissions by the businesses they back and companies could sometimes follow national reporting rules rather than the ISSB’s, under the changes.

“Proposing these amendments to a relatively new Standard ...