The roadmap, which has been released after consultation with Taiwan's listed entities, sets out the following key points:

1. Alignment approach: The FSC will adopt ISSB standards applying an endorsement approach. In 2026, the FSC will endorse IFRS S1 and IFRS S2. From 2027 onwards, the FSC will assess and, if appropriate, endorse future standards issued by the ISSB.
2. Entities in scope and timeline: The FSC will apply a staggered approach as to which entities will have to apply ISSB standards. Firstly, the largest listed entities (capital over NT$ 10bn) will be required to report sustainability information applying IFRS S1 and IFRS S2 for FY 2026. As a second step, all large listed entities (capital over NT$ 5bn) will be required to report sustainability information applying ISSB standards for FY 2027. Thirdly, all listed entities will be required to report sustainability information in accordance with ISSB standards for FY 2028.
3. Location and timing of disclosures: The FSC will require entities to disclose sustainability information in accordance with ISSB standards in their annual reports, and to publish the sustainability information at the same time as the financial statements.
4. Disclosure content: The FSC decided to provide the same transition reliefs as the ISSB. In addition, qualitative information can be disclosed for matters involving a high degree of uncertainty and quantification difficulty. For disclosures using estimation, entities can use the data and inputs based on reasonable and supportable information that is available at the reporting date without undue costs.

Please click to access the following on the FSC website:

• Press release
• Roadmap for Taiwan listed companies to align with IFRS Sustainability Disclosure Standards
• Presentation summarising the contents of the roadmap