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.
IFRS SDS translations now available in four languages
The IFRS has announced the translation of the IFRS SDS, along with accompanying guidance and basis for conclusions, into Japanese and Korean, bringing to four the number of translations of the standards, which are also available in French and Spanish.
IFRS Foundation guidance on using the SASB standards to meet the requirements of IFRS S1
On 19 February, the IFRS Foundation published educational material on using the SASB Standards to meet the requirements in IFRS S1 and a webcast on the importance of industry-specific disclosures to investors.
ISSB Update and podcast – February 2024
The ISSB Update, summarising the February 2024 International Sustainability Standards Board (ISSB) meeting, is now available along with latest episode of the ISSB podcast in which the Chair and Vice Chair discuss the key messages from the IFRS Sustainability Symposium, the IFRS Foundation’s capacity building program and the recently issued jurisdictional guide for adoption of ISSB Standards.
Illustration of interoperability between GRI and ISSB standards through the reporting on GHG emissions
On 18 January 2024, the IFRS Foundation and GRI jointly published the following document:
Joint IASB-ISSB meeting to discuss feedback on ISSB consultation on its future priorities
The inaugural joint IASB-ISSB meeting was held on 25 January 2024 to hold preliminary discussions on the feedback from the ISSB’s consultation launched in May 2023 on its priorities for the next two years.
ISSB publishes new resources on IFRS S1 and IFRS S2
On 14 December 2023, the ISSB announced the publication of new resources to help companies apply the first two IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2) from 2024 (the effective date set out in the standards).
IFRS Foundation launches knowledge hub to support implementation of ISSB standards
On 1 December 2023, the IFRS Foundation announced the creation of a knowledge hub dedicated to IFRS Sustainability Disclosure Standards.
IFRS Foundation and ISO commit to cooperating to advance sustainability reporting
On 3 December 2023, also at COP28, the IFRS Foundation and the International Organization for Standardization (ISO) confirmed their commitment to supporting companies in preparing their sustainability reporting by pooling their respective expertise.
Around 400 organisations commit to advancing use of ISSB climate global baseline
On 4 December 2023, the ISSB issued a press release reporting the announcement made at COP28 that around 400 organisations, from 64 jurisdictions, had committed to advancing the adoption or use of the ISSB Sustainability Disclosure Standards at a global level, with regard to climate-related reporting.
Brazil adopts ISSB’s IFRS Sustainability Disclosure Standards
On 20 October, the IFRS Foundation issued a press release stating that the IFRS Sustainability Disclosure Standards published by the International Sustainability Standards Board (ISSB), namely IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 – Climate-related Disclosures will be incorporated into the Brazilian regulatory framework, setting out a roadmap to move from voluntary use starting in 2024 to mandatory use on 1 January 2026.