Local adoption of IFRS S1 / S2 (ISSB Standards)
Thailand's SEC consulted on a roadmap to require listed entities to apply IFRS S1 and S2 with extended transition reliefs, including a five-year climate-first phase; the consultation closed 19 December 2024 and SEC is assessing feedback before a second consultation.
- Enforcement
- Voluntary or under development
- Effective date
- Not yet specified. SEC proposed a phased-in approach: SET50 entities to start disclosing in 2027 for FY2026; SET100 entities in 2028 for FY2027; other SET-listed companies (including IPOs) in 2030 for FY2029; MAI-listed companies and certain SET-listed REITs, IFFs, Infrastructure Trusts and Property Funds in 2031 for FY2030
- Covered entities
- Proposed at the consolidated entity level: listed companies (Thai or foreign incorporated, including those intending an IPO), Real Estate Investment Trusts, Infrastructure Trusts, Property Funds and Infrastructure Funds