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.
IFRS Foundation Guidance – transition plan disclosures
22 August 2025
The IFRS Foundation has published guidance on disclosing information about transition plans.
ISSB to consult on proposed amendments to SASB
22 August 2025
At its June 2025 meeting, the ISSB ratified proposed amendments to the nine of the twelve priority SASB standards, as well as targeted amendments to forty one further standards.
ISSB Guidance on Greenhouse Gas disclosures under IFRS S2
22 July 2025
The ISSB has published guidance on Greenhouse Gas Emissions disclosure requirements when applying IFRS S2 Climate-related disclosures.
Jurisdictional adoption update for Canada
Although the Canadian Sustainability Standards Board (CSSB) issued sustainability reporting standards, aligned with ISSB standards, in late 2024, on 23 April 2025 the Canadian Securities Administrators (CSA) has paused its work on the development of a mandatory climate related disclosure rule.
IFRS Foundation and TNFD collaboration
The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) have committed to collaborate on building the TNFD recommendations into the development of future ISSB standards.
ISSB Exposure Draft – Targeted amendments to IFRS S2
The International Sustainability Standards Board (ISSB) has issued an exposure draft setting out proposed amendments to reliefs in IFRS S2 Climate Related Disclosures relating to greenhouse gas (GHG) emissions disclosures.
The PSF publishes report on the revision of the Climate and Environmental Delegated Acts of the European Taxonomy
On 1 April 2025, the European Platform on Sustainable Finance (PSF) published a report on the review of the Climate and Environmental Delegated Acts, which list the activities eligible for the climate and environmental objectives of the European Taxonomy, along with the associated technical screening criteria.
Voluntary sustainability reporting standards
On 17 December 2024, EFRAG released its technical advice on the voluntary sustainability reporting standard for non-listed SMEs and micro-enterprises (the ‘VSME standard’). This standard was developed at the request of the European Commission to meet the special needs of smaller entities that are not subject to the CSRD but would like to publish sustainability information on a voluntary basis.
ESRS Set 1 revision: EFRAG adopts its work plan
Following the mandate received from the European Commission to issue a technical opinion on the simplification of Set 1 of the ESRS, EFRAG delivered its work plan to the Commission on 25 April 2025, 10 days after the initial deadline. The first vote in the Sustainability Reporting Board (SRB) did not achieve the necessary qualified majority, since a number of Board members were waiting for the Secretariat to present more details as to how the deadline of 31 October 2025, which is very tight given the scale of the task, could be met.
Progress of discussions on the ‘Content’ Directive project
Still within the framework of the ‘Omnibus I’ package, the co-legislators are also making rapid progress in the negotiations around the draft of the “Content” Directive.