ISSB Adoption Accelerates — 40+ Jurisdictions, Asia-Pacific Leading New Wave

The ISSB's Jurisdictional Adopters Working Group met in London in July 2026 with representation from 40+ jurisdictions now adopting or using ISSB standards, and the IFRS Foundation's August newsletter confirmed an October 2026 target for an exposure draft on nature-related disclosures as an IFRS Practice Statement. In Asia-Pacific, South Korea's Financial Services Commission finalized a roadmap for mandatory KSSB 1 and 2 reporting covering KOSPI companies with KRW 10 trillion+ assets from FY2027 (first disclosures 2028), expanding to KRW 5 trillion by FY2028. Singapore's ACRA released draft SFRS S1 and S2 standards for public consultation through October 25, 2026. The Philippines SEC circular formally embedded PFRS S1 and S2 into its reporting rulebook. For law firms with Asia-Pacific clients or cross-border transactions, ISSB alignment is no longer aspirational — it is becoming a mandatory baseline across key trading jurisdictions.