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.
ISSB: Board’s future work plan and the exposure draft on the international applicability of SASB standards
In April 2023, the ISSB’s discussions focused on:
First-time application of IFRS S1 and S2: creation of a Transition Implementation Group
At the end of April, the ISSB announced the creation of a Transition Implementation Group (TIG) on IFRS S1 and IFRS S2, which will discuss practical issues relating to implementation of the two standards.
ISSB: new transition relief for first-time publication of sustainability-related information under IFRS
On 4 April 2023, the International Sustainability Standards Board (ISSB) tentatively decided to introduce a new transition relief in the future IFRS S1 standard, General Requirements for Disclosure of Sustainability-related Financial Information.
European Sustainability Reporting Standards
With the first requirements of the Corporate Sustainability Reporting Directive (CSRD) coming into effect from 1 January 2024, some questions have arisen in the short term regarding the content of the European Sustainability Reporting Standards (ESRS) that companies must apply in this context.
ISSB’s future work plan: potential project on integrated reporting
The ISSB’s discussions in March focused on the content of the request for information (hereafter RFI) on the Board’s two-year work plan. The RFI is scheduled to be launched in the second quarter of 2023.
ISSB publishes summary of the IFRS Sustainability Symposium
On 6 March 2023, the ISSB published a summary (available here) of the key points discussed at the IFRS Sustainability Symposium in Montreal on 17 February.
ISSB concludes discussions on draft IFRS Sustainability Disclosure Standards
At its February 2023 meeting, the International Sustainability Standards Board (ISSB) concluded its redeliberations on the content of the future standards IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 – Climate-related Disclosures, having now reached (tentative) decisions on all the major issues.
ISSB continues discussions on draft IFRS Sustainability Standards
At its January 2023 meeting, the International Sustainability Standards Board (ISSB) continued its redeliberations on the content of the future standards IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 – Climate-related Disclosures. The discussions build on the (tentative) decisions already reached over the preceding months.
ISSB office to open in Beijing
On 29 December 2022, the IFRS Foundation announced that it had signed a Memorandum of Understanding with the Ministry of Finance of China to establish a new office in Beijing (press release accessible here).
Establishment of an advisory forum to assist the ISSB in its sustainability standards works
On 21 December 2022, the IFRS Foundation announced the creation of a Sustainability Standards Advisory Forum (SSAF) (press release accessible here). The role of the SSAF will be to support the ISSB in building a global baseline for sustainability information by providing it with technical advice.