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TAC Public Meeting April 2026 Paper 2: April General Reporting Update
Executive summary
| Date | 21 April 2026 |
| Paper reference | TAC-Update-April-2026 |
| Project | Monitoring |
| Topic | April 2026 General Reporting Update |
Objective of the paper
This paper provides key updates since the update paper published for the March 2026 TAC meeting.
This includes a summary of the ISSB meetings and related developments, in addition to jurisdictional developments in relation to the adoption of IFRS Sustainability Disclosure Standards to date.
The information in this paper is provided as at 8 April 2026 and does not include any developments after this date.
Decisions for the TAC
There are no decisions required. This paper is for information only.
Appendices
- Appendix 1: Jurisdictional developments.
This paper has been prepared by the Secretariat for the UK Sustainability Disclosure Technical Advisory Committee (TAC). It does not represent the views of the TAC or any individual TAC member.
Context
1The objective of this paper is to inform the TAC of international and jurisdictional developments in sustainability-related reporting. It is for information purposes only and does not ask the TAC to make any decisions.
2The TAC will be provided with an update of UK-specific, international and jurisdictional developments on sustainability-related reporting at each of its meetings.
UK developments
3The following paragraphs provide a summary of updates from the UK in relation to sustainability-related reporting since the last update paper published for the March 2026 TAC meeting.
4The Financial Conduct Authority's (FCA's) consultation on its proposal to align the listing rules with the UK Sustainability Reporting Standards (UK SRS) closed on 20 March. Some of the responses seen so far include two independent statutory panels, the FCA Listing Authority Advisory Panel and the FCA Market Practitioner Panel, who have published a joint response opposing the scope of the reporting requirements on the grounds of concerns about competitiveness and cost-benefit. Another response from the Association of Chartered Certified Accountants (ACCA) calls for a "pragmatic and proportionate approach” eventually leading to full mandatory UK SRS disclosures, with responses from UK Finance and the Institute of Chartered Accountants in England and Wales (ICAEW) echoing similar calls. A response from the UK Sustainable Investment and Finance Association (UKSIF) stated that the adoption of a global baseline aligned to the ISSB Standards is “critical” and called for further prescription in the Listing Rules towards mandatory Scope 3 emissions, which are not proposed in the FCA's consultation.
International Sustainability Standards Board & other international body developments
5The following paragraphs provide a summary of updates from the ISSB since the last update paper published for the March 2026 TAC meeting.
6The ISSB met on 25 – 26 March to discuss nature-related disclosures and the SASB enhancement project. Discussions on nature-related disclosures covered metrics, transition information, illustrative drafting of incremental requirements and guidance on strategy and decision-making, and information on targets and consideration of international agreements and related jurisdictional commitments. Discussions on the SASB enhancement project covered feedback received on the two Exposure Drafts published by the ISSB in July 2025 on amendments to the first nine prioritised Standards. An Update is now available.
7On 26 March, the ISSB published an Exposure Draft proposing amendments to 3 SASB Standards, and consequential amendments to the Industry-based SASB Standards Taxonomy, as well as Guidance on Implementing IFRS S2. The Standards covered are: agricultural products; meat, poultry & dairy; and electric utilities & power generation. These are the last of the 12 prioritised Standards, following the Exposure Draft covering the first 9 in July 2025. Consultation on the new Exposure Draft will remain open until 24 July 2026.
8The ISSB has released a webcast, and accompanying factsheet, on the climate resilience and climate-related scenario analysis requirements in IFRS S2. The webcast explains the requirements, including the proportionality mechanisms that enable entities to select a commensurate approach to scenario analysis.
9The ISSB has released the March episode of its podcast, covering the March ISSB meeting, new SASB consultation, the webcast on climate resilience and climate-related scenario analysis, and the March Sustainability Standards Advisory Forum (SSAF) meeting
10The IFRS Foundation has published its annual report and financial statements for the year ended 31 December 2025. It has reported total comprehensive income of £1.3m.
11The Science Based Targets Initiative (SBTi) has issued an update to its target-setting guidance for companies in the Forest, Land and Agriculture sector. Companies will now be required to publish documentation demonstrating how they are going to deliver commitments to no deforestation.
Jurisdictional developments
12The following paragraphs provide a summary of updates from other jurisdictions in relation to sustainability-related reporting since the last update paper published for the March 2026 TAC meeting.
Japan
13The Sustainability Standards Board of Japan (SSBJ) has amended its Scope 3 Greenhouse Gas (GHG) emissions requirements to align with the targeted amendments issued by the ISSB last year.
Türkiye
14Türkiye's Public Oversight, Accounting and Auditing Standards Authority has amended the thresholds for mandatory reporting under the Turkish Sustainability Reporting Standards (TSRS), which are aligned to the ISSB Standards. Total asset thresholds have been raised from over 500m Turkish Lira (TRY) to over 1bn TRY; annual net sales revenue thresholds have been raised from over 1bn TRY to over 2bn TRY; and employee number thresholds have been raised from over 250 employees to over 500 employees. These amendments apply for accounting periods beginning on or after 1 January 2025.
Appendix 1: Jurisdictional developments
G20 jurisdictions committed to adopting IFRS Sustainability Disclosure Standards
Table 1 summarises the status of G20 jurisdictions publicly committed to adoption or other use of the IFRS Sustainability Disclosure Standards.
Table 1: G20 jurisdictions (countries and regional bodies) summary as at 8 April 2026.
| Jurisdiction | Current status | Both IFRS S1 & IFRS S2? | Reporting commencing from | Companies in scope |
|---|---|---|---|---|
| African Union: Ethiopia | Consultation on roadmap open | Both | 2026-2029 | Listed & unlisted |
| African Union: Ghana | Endorsed | Both | 2027-2028 | Significant Public Interest Entities (Listed & unlisted) |
| African Union: Kenya | Endorsed and published roadmap | Both | 2025-2027 | Public Interest Entities; Non-Public Interest Entities (large entities); Small- to Medium-Sized Entities |
| African Union: Morocco | Publicly committed | - | - | - |
| African Union: Nigeria | Endorsed and published roadmap | Both | 2028-2030 | Public Interest Entities; Small- to Medium-Sized Entities |
| African Union: Rwanda | Endorsed and published roadmap | Both | 2025-2026 | Listed & unlisted |
| African Union: Tanzania | Endorsed | Both | 2025 | Listed & unlisted |
| African Union: Uganda | Endorsed | Both | 2026-2028 | Listed |
| African Union: Zambia | Endorsed | Both | 2025 | Listed |
| African Union: Zimbabwe | Consultation closed | Both | 2026-2027 | Listed & unlisted |
| Australia | Endorsed | Both: IFRS S1-voluntary IFRS S2 - mandatory | 2025 | Listed & unlisted |
| Brazil | Endorsed | Both | 2026 | Listed |
| Canada | Endorsed | Both | 2025 | Currently voluntary |
| China | Endorsed | Both | 2026-2027 | Listed & unlisted |
| India | Consultation closed | IFRS S2 only | 2025-2029 | Banking & finance |
| Indonesia | Consultation closed | Both | 2027-2029 | Listed & unlisted |
| Japan | Endorsed | Both | - | Listed |
| Mexico | Endorsed | Both | 2026 | Listed & unlisted |
| South Korea | Consultation on roadmap open | Both | 2028-2029 | Listed |
| Türkiye | Endorsed | Both | 2024 | Regulated financial institutions & large companies |
Other jurisdictions committed to adopting IFRS Sustainability Disclosure Standards
Table 2 summarises the status of non-G20 jurisdictions publicly committed to adoption or other use of the IFRS Sustainability Disclosure Standards.
Table 2: Other jurisdictions (countries and regional bodies) summary as at 8 April 2026.
| Jurisdiction | Current status | IFRS S1 & IFRS S2? | Reporting commencing from | Companies in scope |
|---|---|---|---|---|
| Bangladesh | Endorsed | Both | 2024-2027 | Banking & finance |
| Bolivia | Endorsed | Both | 2027 | Listed & unlisted |
| Chile | Endorsed | Both | 2026 | Listed |
| Costa Rica | Endorsed | Both | 2025-2026 | Listed & unlisted |
| Hong Kong | Endorsed | Both | 2025 | Listed |
| Jordan | Endorsed | Both: IFRS S1-voluntary FRS S2-Mandatory | 2027 | All entities listed in the ASE20 index |
| Malaysia | Endorsed | Both | 2025-2027 | Listed & large unlisted |
| Panama | Publicly committed | - | - | - |
| Pakistan | Endorsed | Both | 2025-2027 | Listed & unlisted public interest companies |
| Philippines | Consultation closed | Both | 2026 | Listed |
| Qatar | Endorsed | Both | 2026 | Financial institutions regulated by the Qatar Central Bank |
| Singapore | Endorsed | IFRS S2 only | 2025-2027 | Listed |
| Sri Lanka | Endorsed | Both | 2025 | To be confirmed |
| Switzerland | Consultation closed - amending the Ordinance on Climate Disclosures | Both | 2026 | Listed & unlisted |
| Taiwan | Endorsed | Both | 2026-2028 | Listed |
| Thailand | Endorsed | Both | 2026-2030 | Listed |
G20 jurisdictions not publicly committed to adopting IFRS Sustainability Disclosure Standards
Table 3 summarises the status of G20 jurisdictions not publicly committed to adoption or other use of the IFRS Sustainability Disclosure Standards.
Table 3: G20 jurisdictions (countries and regional bodies) summary as at 8 April 2026.
| Jurisdiction | Current status | Topics | Reporting commencing from | Companies in scope |
|---|---|---|---|---|
| Argentina | Unconfirmed | - | - | - |
| European Union (EU)* | European Sustainability Reporting Standards (ESRS) & Corporate Sustainability Reporting Directive (CSRD) | Ten topical standards including a general and climate change standard | 2024-2028 | Listed & unlisted |
| Russia | Unconfirmed | - | - | - |
| Saudi Arabia | Unconfirmed | - | - | - |
| South Africa | Unconfirmed | - | - | - |
| United States of America | California Corporate Climate Accountability Act (SB 253 and SB 261) - adopted | California: 2026 | California: Listed & unlisted | |
| New York Climate Corporate Data Accountability Act (SB 3456) - bill | New York: 2027-2028 | New York: Listed & unlisted | ||
| Colorado Corporate Climate Accountability Act (House Bill 25-119) - bill | Colorado: 2028-2031 | Colorado: Listed & unlisted |
- Although ESRS are required to be used by EU member states, the IFRS Foundation and EFRAG issued interoperability guidance in 2024 illustrating the high level of alignment achieved between ISSB Standards and ESRS. Note that this is subject to change as the European Commission is due to adopt simplified ESRS mid-2026. These simplified ESRS with reduced disclosure are those submitted in EFRAG's technical advice to the Commission in December 2025.