SECP notifies adoption of IFRS Sustainability Disclosure Standards

ISLAMABAD, January 1: The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of IFRS Sustainability Disclosure Standards in a phase-wise manner in Pakistan.

The IFRS-S1, ‘General Requirements for Disclosure of Sustainability-related Financial Information’ and IFRS-S2, ‘Climate-related Disclosures’, are issued by the International Sustainability Standards Board (ISSB) and recommended for adoption in Pakistan by the Institute of Chartered Accountants of Pakistan (ICAP).