Version 2023-12 of the industry standards (which takes in the June 2023 amendments that brought its climate content into line with IFRS S2's guidance by industry, and the December 2023 international applicability amendments) applies to annual reporting periods that start on 1 January 2025 or later, and may be applied earlier. The December 2025 consequential amendments (version 2025-12) to three standards (Insurance; Commercial Banks; Asset Management & Custody Activities) align the financed emissions metrics with IFRS S2 as amended in December 2025 (measurement per IFRS S2 paragraph 29(a) and B61 to B63 guidance, relief for derivatives with an explanation of what was treated as a derivative, aggregation per IFRS S1), apply to annual reporting periods that start on 1 January 2027 or later; an entity applying them early must apply amended IFRS S2 paragraph 29(a) for the same period.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.