EFAA Replies to the Exposure Draft: Amendments to Greenhouse Gas Emissions Disclosures—Proposed amendments to IFRS S2

EFAA broadly agrees with the proposals for amendments to relieve the disclosure requirements. Comparability does not necessarily imply uniformity, and changes in criteria or classifications can introduce additional burdens, mainly to SMPs and SMEs, and we especially do not want the ‘think small first’ principle, which is of great importance for the general interest, to be forgotten. All the amendments to facilitate disclosure are welcome. At the same time, when there are additional disclosure requirements as a consequence of the relief, EFAA can either agree in part or remain neutral due to the specific industry or the available options.