Use of IFRS Sustainability Disclosure Standards by jurisdiction

The IFRS Sustainability Disclosure Standards (S1 and S2) are increasingly shaping global sustainability reporting. To provide transparency on how different countries are adopting or using these standards, the IFRS Foundation has developed jurisdictional profiles and snapshots. Understanding these helps organizations, investors, and regulators monitor progress and align reporting practices internationally.

About jurisdictional profiles

In May 2024, the IFRS Foundation announced its plan to publish jurisdictional profiles through the Inaugural Jurisdictional Guide. These profiles:

• Are informed by bilateral discussions with jurisdictions

• Follow the methodology outlined in Section 3.4 of the Guide

• Provide transparency to capital markets, regulators, and stakeholders on the adoption or use of ISSB Standards

Profiles are prepared when a jurisdiction’s sustainability reporting approach is finalized or no longer under consultation. This typically occurs when jurisdictions:

• Have formally announced or finalized their decisions on adoption or other use of ISSB Standards; or

• Have introduced sustainability-related disclosure requirements

Each profile outlines the current and planned approach of the jurisdiction, including key elements of the regulatory framework. The profiles are developed through cooperation with local authorities and with input from international audit firms, ensuring accuracy and rigor.

Jurisdictions with finalized profiles

As of now, the IFRS Foundation has published profiles for the following jurisdictions:

• Australia

• Bangladesh

• Brazil

• Chile

• Ghana

• Hong Kong SAR

• Jordan

• Kenya

• Malaysia

• Mexico

• Nigeria

• Pakistan

• Sri Lanka

• Chinese Taipei

• Tanzania

• Türkiye

• Zambia

Jurisdictional snapshots

For jurisdictions that have finalized their approach but whose full profiles are still in development, or whose regulatory status is still in progress, the IFRS Foundation provides snapshots.

• Snapshots offer a high-level overview of the proposed regulatory framework

• They provide timely information for markets on jurisdictions taking steps toward ISSB Standards adoption

• Snapshots may differ from final profiles, as they are based on preliminary information

Countries with published snapshots include:

• Bolivia

• Canada

• China

• Japan

• Philippines

• Rwanda

• Thailand

• Uganda

• United Kingdom

• Costa Rica

• El Salvador

• Indonesia

• Singapore

• South Korea

• Switzerland

• Zimbabwe

Important considerations

• The information in profiles and snapshots is for general guidance only and may change over time

• Organizations should seek professional advice before taking action based on these resources

• Profiles and snapshots illustrate extent of application of IFRS Sustainability Standards but do not reflect intellectual property licensing of the Standards

Key takeaways for organizations

• Stay informed of jurisdiction-specific sustainability reporting requirements

• Monitor updates to profiles and snapshots to ensure compliance with local regulations

• Use IFRS Sustainability Standards to enhance transparency, comparability, and trust with investors and stakeholders

The IFRS Foundation’s jurisdictional profiles and snapshots provide a global view of sustainability reporting progress, offering organizations a valuable resource to navigate evolving regulatory landscapes while maintaining alignment with international best practices.