Local adoption of IFRS S1 / S2 (ISSB Standards)
In November 2024, the Ministry of Finance and eight other ministries issued the Sustainability Disclosure Standards for Business Enterprises – Basic Standard (Trial) and, in April 2025, an exposure draft of the climate-specific standard, building a unified national system convergent with ISSB Standards and targeted for completion by 2030.
- Enforcement
- Voluntary or under development
- Effective date
- Not yet specified. Basic Standard issued 20 November 2024 may be applied voluntarily until implementation scope and requirements are specified; the basic architecture of the unified national system is targeted for 2030
- Covered entities
- To be determined. Intended to apply first to listed companies and then expand gradually to non-listed companies, from large companies to SMEs, and from voluntary to mandatory disclosure