Hello friends and colleagues,

Today we’re writing to share an update on sustainability disclosure regulatory developments in the Tanzania region.

30 jurisdictions are progressing with adoption or other use of ISSB Standards. A new detailed progress report – presented by the IFRS Foundation to the Financial Stability Board (FSB) – sets out global progress towards both mandated and voluntary corporate climate-related disclosures. Here is excerpt from the report related to your region.

In September 2023 the National Board of Accountants and Auditors of Tanzania endorsed ISSB Standards.

• National Board of Accountants and Auditors of Tanzania (NBAA), ‘Technical pronouncement no. 1 of 2024, Adoption and implementation of sustainability reporting standards in Tanzania’, NBAA, 2024, https://www.nbaa.go.tz/2024/july/1q2024.pdf.

All public interest entities in Tanzania are required to apply ISSB Standards from fiscal year 2025. Early application of the ISSB Standards is encouraged.

For more information, read the full report.

Join, engage and lead in Sustainability Disclosure

• Integrate ISSB Standards: Embed IFRS S1, IFRS S2, and SASB Standards into your investment research processes, corporate reporting software or other products and services with IFRS Sustainability licensing.

• Join the IFRS Sustainability Alliance: Gain access to valuable education, tools and peer networking to strengthen your sustainability disclosure journey.

• Earn the FSA Credential: Equip yourself to navigate the sustainability disclosure landscape and analyse the link between sustainability and financial performance.

• Stay Informed: Follow us on LinkedIn and Twitter/X, and ensure you are up to date with the categories you can choose to follow via your IFRS.org dashboard.

Kind Regards,