ISSB and GRI open consultations on proposed updates to sustainability disclosures

ISSB proposes targeted amendments to industry-based climate disclosures

The International Sustainability Standards Board (ISSB) has released an Exposure Draft proposing amendments to three Sustainability Accounting Standards Board (SASB) Standards, along with updates to the Industry‑based Guidance on Implementing IFRS S2 Climate‑related Disclosures.

The proposed amendments focus on the following SASB Standards:

• Agricultural Products
• Meat, Poultry and Dairy
• Electric Utilities and Power Generators.

These are the remaining SASB Standards prioritised by the ISSB as part of its broader program to align industry-based content with ISSB Standards. The proposed amendments focus on refining climate‑related metrics and guidance so they are more globally applicable, remain consistent with IFRS S2 requirements, and continue to support interoperability with other sustainability standards—while keeping investor‑focused decision‑usefulness at the centre of disclosures.

For Australian organisations operating in or exposed to these sectors, the proposals may help clarify expectations around industry‑specific climate disclosures as IFRS S2 continues to be implemented globally.

The comment period on the Exposure Draft closes 24 July 2026. The Exposure Draft and the ISSB’s online survey are available on the ISSB website for those wishing to provide feedback.

GRI proposes new standards to expand pollution-related disclosures

The Global Reporting Initiative (GRI) has published three exposure drafts proposing new standards focused on pollution‑related disclosures:

• GRI Air Pollution exposure draft
• GRI Soil Pollution exposure draft
• GRI Critical Incidents exposure draft.

These proposed standards introduce broader disclosure requirements than those currently addressed within existing GRI Standards. They reflect growing stakeholder expectations for transparency around environmental impacts, beyond greenhouse gas emissions.

If finalised, the new standards would expand reporting on pollution sources, impacts, management practices and significant incidents, with potential implications for organisations across a wide range of sectors.

The public comment period for these exposure drafts closes 8 June 2026. GRI has also made additional materials available, including webinars, to support stakeholders in understanding the proposals and participating in the consultation process.

We can help you stay across emerging disclosure expectations

If your organisation reports under IFRS S2/AASB S2, uses SASB metrics, or prepares GRI disclosures, consider reviewing the exposure drafts and sharing feedback through the consultations ahead of the closing dates.

Our sustainability reporting team can help you understand how the proposed ISSB and GRI changes may affect your reporting roadmap.