The Financial Reporting Council (FRC) of Nigeria is organizing a stakeholders engagement session to deliberate on the International Sustainability Standards Board (ISSB)’s proposed targeted amendment to IFRS S2 – Climate-Related Disclosures.
The proposed amendment by the ISSB is intended to improve the clarity and applicability of IFRS S2, particularly in areas related to industry-based requirements, greenhouse gas (GHG) emissions reporting, and the interaction of global climate disclosure standards with local regulatory frameworks.
As the national regulator responsible for financial reporting and sustainability disclosures in Nigeria, the FRC recognizes the importance of inclusive and informed stakeholder participation in shaping the country’s response to the proposed changes. This engagement is critical to ensure that the views of Nigerian preparers, regulators, users of financial reports, and other interested parties are adequately captured and represented in the global standard-setting process.
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