Scope
No mandatory national scope set
South Africa · standard
Potential South African ISSB adoption
South African IFRS S1 and IFRS S2 adoption work (not yet mandatory)
Penalties
None
Last verified
2026-08-26
In plain language
What this law does
Dictionary termIFRS S1IFRS S1 is a sustainability-related financial disclosure standard focused on general requirements for reporting sustainability-related risks and opportunities.Read the full definition and Dictionary termIFRS S2IFRS S2 is a sustainability-related financial disclosure standard focused on climate-related risks and opportunities.Read the full definition are not currently mandatory in South Africa. Prudential Authority Dictionary termClimate disclosureThe practice of companies and financial institutions publicly reporting climate-related risks, opportunities, governance, strategy and emissions — now shifting from voluntary frameworks to mandatory law.Read the full definition material for banks remains guidance and treats national ISSB adoption as a future possibility; no binding national adoption date or scope has been set.
Core obligations
None under a national mandatory ISSB adoption instrument