采用全球标准：泰国实施国际可持续发展相关财务披露的历程（英）

Adopting Global Standards:Thailand’s Journey to Implement KEY POINTS •The International FinancialReporting StandardsFoundation’s SustainabilityDisclosure Standards areemerging as the globalbaseline for investor-focused, Fonthip YuthasereeSustainable Finance Expert, ConsultantEconomic Research and Development Wilaiporn IttiwiroonPartner, Climate Change andSustainability Services Leader •Thailand’s approach toadopting the standardsoffers lessons fordeveloping membercountries consideringadopting InternationalSustainability Standards Kosintr PuongsopholSenior Financial Sector SpecialistEconomic Research and Development INTRODUCTION Regional coordination andpeer learning can acceleratethe implementation ofInternational SustainabilityStandards Board disclosuresby enabling jurisdictions to Sustainability has become a critical focus in business practices, driven by a growingawareness of environmental and social issues and their linkages to corporate performance.A 2024 institutional investor survey found that 88% of investors had increased their use ofsustainability information over the previous year, while 80% believed current sustainabilityreporting required improvement in terms of materiality and comparability.1Meanwhile, the established the ISSB—an idea welcomed by the Group of20 Finance Ministers and Central Bank Governors, and subsequentlythe Group of 20 leaders—to bridge the gap between sustainabilityand financial reporting.4,5It enables investors to assess and makeinformed decisions regarding sustainability risks and opportunitiesthat could affect the entity’s cash flow, access to finance, and cost average of over $3 billion in potential benefits.2These developmentsunderscore the important role of financial regulators in promotingsustainability disclosures and streamlining reporting requirements Efforts by various standard-setting bodies have evolved toenhance comparability and transparency. Yet because thesestandards were issued with different objectives and intendedusers, reporting remains challenging, and comparability acrossframeworks remains limited. The Global Reporting Initiative, To reduce fragmentation in sustainability reporting, the ISSBconsolidated key initiatives—including the TCFD, the IntegratedReporting Framework, the Sustainability Accounting Standard Board for example, pioneered standardized sustainability reportingand remains widely adopted across jurisdictions with coveragespanning economic, environmental, and social dimensions, guidedby the double materiality concept3—with a focus on numerical Standards, and aligned with the World Economic Forum’s StakeholderCapitalism Metrics.6A comparison of the most widely used data to demonstrate an organization’s sustainability performance. Meanwhile, the Task Force on Climate-Related Financial Disclosures(TCFD) introduced a four-pillar framework—(i) governance,(ii) strategy, (iii) risk management, and (iv) metrics and targets—that The inaugural ISSB StandardsGeneral Requirements for Disclosureof Sustainability-Related Financial Information(IFRS S1) andClimate-Related Disclosures(IFRS S2) were released in June 2023and became effective for the reporting period beginning on orafter 1 January 2024 (Table 2). Following the endorsement andencouragement of the International Organization of SecuritiesCommissions for jurisdictions to adopt, apply, or consider the ISSB The ISSB Standards have principles-of-proportionality mechanismsthat refer to the use of “reasonable and supportable informationthat is available at the reporting date without undue cost or effort”and “consideration of an entity’s skills, capabilities, and resources.”8 This policy brief presents lessons learned from the technicalassistance of the Asian Development Bank (ADB) to the Securitiesand Exchange Commission of Thailand (SEC Thailand) in itsefforts to adopt the ISSB Standards. It highlights key elementsof SEC Thailand’s approach, including regulatory mapping, The ISSB also issued theInaugural Jurisdictional Guide for theAdoption or Other Use of ISSB Standards, which provides guidancefor jurisdictions adopting ISSB Standards. The ISSB suggestsscalability, or a phased approach, which refers to a gradualimplementation of the ISSB Standards by (i) prioritizing groups DEVELOPMENT OF ISSB STANDARDS In response to investor and market demand for a comparable globalbaseline for sustainability-related financial disclosure, theInternational Financial Reporting Standards Foundation (IFRS As of 12 June 2025, the ISSB had published jurisdictional profilesfor 17 jurisdictions and snapshot information for 16 jurisdictionsthat had either adopted or were in the process of adopting the aStakeholders include investors, labor, civil society, employees, customers, and governments.bStakeholders include users of general-purpose financial reporting, such as investors, lenders, asset managers, and other users, such as business partners, tradeunions, civil society, and governments.Source: