Sustainability Section - Doing Business
You will find here a series of summaries providing an overview of useful sustainability regulations, processes and sustainability issues for Doing Business in Thailand.
Updates to the SASB Standards XBRL Taxonomy
The ISSB (International Sustainability Standards Board) has issued an updated version of the SASB (Sustainability Accounting Standards Board) Standards digital Taxonomy, reflecting changes to disclosure requirements from recent amendments to the SASB Standards.
Updates on jurisdictional adoption of sustainability reporting
The latest developments in adoption of the IFRS Sustainability Disclosure Standards (SDS) around the world.
ISSB update – September 2024 meeting
At its monthly meeting (October meeting update) the ISSB discussed feedback from the survey on jurisdictional requirements related to the two topical research projects (Biodiversity, ecosystems, and ecosystem services and Human capital), and how the feedback will inform its ongoing research into these topics, including engagement with jurisdictional stakeholders. No decisions were required.
ISSB update – September 2024 meeting
The ISSB September update and podcast are available, summarising the September meeting and other recent activities of the ISSB. Although the Board discussed its research projects and the SASB (Sustainability Accounting Standards Board) standards identified as priorities for improvement, no decisions were made at the September meeting.
Updates on jurisdictional adoption of sustainability reporting
The latest developments in adoption of the IFRS Sustainability Disclosure Standards (SDS) around the world
Voluntary adoption of ISSB standards – guidance for preparers
The IFRS Foundation has published Voluntarily applying ISSB Standards—A guide for preparers in response to calls from investors for voluntary application of the standards to enable consistent reporting.
Adoption of sustainability reporting standards in emerging markets and developing economies
The World Bank Group and the IFRS Foundation announced their commitment to build on their existing partnership around IFRS Accounting Standards to support the adoption of sustainability standards in emerging markets and developing economies (EMDEs).
International taskforce created to improve reporting on social matters
September saw the launch of the “Taskforce on Inequality and Social-related Financial Disclosures” (TISFD), whose goal is to develop a global framework that will help companies and financial institutions to communicate more effectively on their impacts, dependencies, risks and opportunities relating to social matters, including inequality.
EFRAG publishes a fourth batch of answers on the application of ESRS
On 26 July 2024, EFRAG published its fourth Q&A on the implementation of ESRS, based on questions submitted through the Q&A Platform launched in late 2023. The published document is a compilation of 93 explanations released since February 2024, organised by standard and Disclosure Requirement.
ESMA publishes guidelines on enforcement of sustainability information
On 5 July 2024, ESMA published its Guidelines on Enforcement of Sustainability Information (GLESI). With this report, ESMA and the regulators of financial markets in EU Member States are signalling that they intend to play a significant role in ensuring consistent and rigorous implementation of ESRS, as they do for financial reporting (cf. the “GLEFI”).