SSBJ Sustainability Disclosure Standards (Application, General, Climate)
SSBJ published final sustainability disclosure standards on 5 March 2025: an Application Standard, a General Standard, and a Climate Standard. The standards are essentially equivalent to IFRS S1 and S2. Mandatory application phases in by market capitalization.
- Enforcement
- Voluntary now. Mandatory under FSA disclosure framework on phased basis by market cap.
- Effective date
- Voluntary for periods ending on or after 5 March 2025. Mandatory phased: FY ending March 2027 for issuers with market cap >¥3T, expanding through FY ending March 2029.
- Covered entities
- Listed issuers in Prime Market (phased by market cap)