Australian Government
Australian Accounting Standards Board
Friday, June 13, 2025
The IFRS Foundation has published an initial set of 17 jurisdictional profiles to provide transparency to capital markets which evidences the high degree of alignment with the International Sustainability Standards Board (ISSB) Standards. Publishing these profiles represents a critical step in providing clarity about progress in achieving a global baseline of sustainability disclosures for capital markets.
The profiles include information about each jurisdiction’s stated target for alignment with ISSB Standards and the current status of its sustainability-related disclosure requirements. Profiles are published when a jurisdiction’s approach to sustainability reporting is finalised and no longer subject to consultation, similar to the publication of profiles by the International Accounting Standards Board, the ISSB’s sister board. This is when jurisdictions have formally announced or finalised their decisions on the adoption or other use of ISSB Standards or have otherwise introduced sustainability-related disclosure requirements, including making decisions about which entities are subject to the requirements. These profiles are complemented with the publication of 16 snapshots that provide a high-level overview of other jurisdictions’ regulatory approaches that are still subject to finalisation.
Read the IFRS Media Release here.