Nepal publishes exposure drafts for sustainability reporting standards based on IFRS S1 and S2
Nepal has become the latest jurisdiction to join the growing global movement for ISSB-aligned sustainability reporting, with the Accounting Standards Board (ASB) of Nepal publishing exposure drafts for two new standards: NFRS S1, covering general requirements for the disclosure of sustainability-related financial information, and NFRS S2, covering climate-related disclosures. Both follow the IFRS S1 and IFRS S2 standards issued by the International Sustainability Standards Board (ISSB) closely.
Nepal joins a growing list of jurisdictions across Asia and beyond that are consulting on or moving to implement sustainability disclosure requirements grounded in the ISSB baseline. Why? Internationally comparable disclosures, without the need to build an entirely new framework from the ground up.
Each new adoption also represents an opportunity for digital reporting. For useful data, ISSB-aligned sustainability standards need to come with structured, machine-readable tagging. The more jurisdictions that adopt the standards, the greater the potential for consistent, comparable digital sustainability data at a global scale. We look forward to seeing how Nepal’s standards develop.
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