Sri Lanka, July 29 -- Sri Lanka has been recognised among the first jurisdictions in the world, and in South Asia, to join the global drive to adopt the IFRS Sustainability Disclosure Standards (ISSB Standards). As part of this effort, the IFRS Foundation has released an initial set of 17 jurisdictional profiles, including Sri Lanka, offering capital markets greater transparency on how countries are aligning with the ISSB Standards. This also marks a significant milestone towards establishing a global baseline for sustainability disclosures.

The International Sustainability Standards Board (ISSB), under the IFRS Foundation, develops a global baseline for sustainability disclosures. IFRS (International Financial Reporting Standards), wide...