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.
EFRAG publishes a study on initial ESRS implementation practices
On 25 July 2024, EFRAG issued a study entitled State of play as of Q2 2024 – Implementation of ESRS: Initial Observed Practices from Selected Companies, to identify the preliminary practices and issues observed in the implementation of ESRS in relation to the initial transition work.
EFRAG delivers proposed XBRL Taxonomy for ESRS and Article 8
On 30 August 2024, EFRAG published its propositions of XBRL Taxonomy, which will be used for tagging sustainability information published in accordance with ESRS Set 1 and with Article 8 of Regulation (EU) 2020/852 on the European Taxonomy. The documents are accompanied by explanatory notes and illustrative examples of how to implement the each taxonomy.
Updates on jurisdictional adoption of sustainability reporting
The latest developments in adoption of the IFRS SDS around the world include:
ISSB May 2024 update
The ISSB Update for May 2024 provides summary of the recent ISSB meeting. No major decisions were made during the meeting, though the ISSB did decide to continue to use the existing SASB industry classification for its next two year work plan, and to consider enhancing the industry groupings when the SASB standards themselves are updated.
Latest jurisdictional developments in sustainability reporting
A number of jurisdictional consultations on adoption of sustainability reporting based on IFRS standards are ongoing.
ISSB Taxonomy webcast
Following the announcement in April 2024 of the publication of the ISSB Taxonomy, which is intended to enable investors and other stakeholders to search sustainability-related disclosures, the ISSB has recorded a short webcast summarising the key features and benefits of the taxonomy for investors, companies and regulators.
Transition to integrated reporting
The IFRS Foundation has released Transition to integrated reporting: A guide to getting started,
to assist companies looking to apply both the IFRS Sustainability Disclosure Standards and the
Integrated Reporting Framework.
to assist companies looking to apply both the IFRS Sustainability Disclosure Standards and the
Integrated Reporting Framework.
Webinar series “Perspectives on sustainability disclosure” and webcasts on “Current and anticipated financial effects”
The IFRS Foundation has established a new series of monthly webinars exploring key topics related to sustainability reporting aimed primarily at preparers.
European Parliament adopts the Corporate Sustainability Due Diligence Directive
In a plenary session on 24 April 2024, the European Parliament voted to adopt the compromise text of the future Corporate Sustainability Due Diligence Directive (CSDDD), with 374 votes in favour, 235 against, and 19 abstentions
SSBJ consultation on IFRS-compliant sustainability reporting standards
On 5 April 2024, the Sustainability Standards Board of Japan (SSBJ) released a summary of the differences between (i) the three exposure drafts it published on 29 March 2024 as part of a public consultation (deadline for responses: 31 July 2024) and (ii) the ISSB’s first two IFRS standards in this area (IFRS Sustainability Disclosure Standards), accompanied by a concordance table, since the SSBJ has largely aligned its proposals on the IFRS standards.