Effective date and transition
Shel
An organisation should apply this standard for annual reporting periods starting on or after 1 January 2024. Earlier application is allowed. If the organisation applies this standard early, it should state that fact and also apply IFRS S1 at the same time.
The date of initial application is the start of the annual reporting period when an organisation first applies this standard.
An organisation is not required to provide the disclosures in this standard for any period before the date of initial application. It is also not required to disclose comparative information in the first annual reporting period it applies this standard.
In the first annual reporting period an organisation applies this standard, it is allowed to use one or both of the following reliefs:
- If, in the annual reporting period just before the initial application date, the organisation used a method other than the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (2004) to measure its greenhouse gas emissions, it may continue using that method.
- The organisation is not required to disclose its Scope 3 greenhouse gas emissions, including additional information about financed emissions if it participates in asset management, commercial banking or insurance activities.
If an organisation uses the relief in the paragraph above, it may continue using that relief when presenting that information as comparative information in later reporting periods.
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