https://www.ifrs.org/content/dam/ifrs/g ... tments.pdfThis submission therefore requests that the Interpretations Committee consider the interpretations that:
1. A Net Zero Transition Commitment meets the definition of a constructive obligation under IAS37 paragraphs 10 and 20, and
2. A Net Zero Transition Commitment should be recognised as a provision according to the principles of paragraphs 11-26 of IAS37, and
3. Starting with recognising a provision, the principles and accounting for asset decommissioning should be applied to a strategy and investment program designed to meet a Net Zero Transition Commitment—using the analogy that an entity is committing to decommission its carbon-emitting infrastructure.
It's certainly a different style of question to that usually received by the IFRIC, having been written by lawyers rather than accountants. I suspect the IFRIC will not be keen to make such a broad determination.
My guess is they will point to the existing standard, say that a company needs to apply the requirements and leave it at that. But it will be interesting to see.