Tokyo, March 29, 2024
The Sustainability Standards Board of Japan issues Exposure Drafts ofSustainability Disclosure Standards to be applied in JapanThe Sustainability Standards Board of Japan (“the SSBJ”) was established in July 2022
to develop Sustainability Disclosure Standards to be applied in Japan and to contribute to
the development of international sustainability disclosure standards, following theestablishment of the International Sustainability Standards Board (ISSB).
In developing high-quality and internationally consistent Sustainability DisclosureStandards, the SSBJ concluded that it would be useful for market participants to align theJapanese standards with the ISSB’s IFRS Sustainability Disclosure Standards.
Accordingly, the SSBJ decided to incorporate all requirements in the IFRS SustainabilityDisclosure Standards (IFRS S1 “General Requirements for Disclosure of Sustainabilityrelated Financial Information” and IFRS S2 “Climate-related Disclosures”) and to add,
when considered necessary, any jurisdiction-specific options the entity can choose to apply.
After extensive discussions, today, the SSBJ is pleased to announce the issuance of thefollowing three Exposure Drafts of the Sustainability Disclosure Standards, which wereapproved for issuance at the 33rd Board Meeting on March 21, 2024:
1. Universal Sustainability Disclosure Standard Exposure Draft “Application of theSustainability Disclosure Standards”
2. Theme-based Sustainability Disclosure Standard Exposure Draft No. 1 “GeneralDisclosures”
3. Theme-based Sustainability Disclosure Standard Exposure Draft No. 2 “Climaterelated Disclosures”
For the convenience of users of the standards, the standard corresponding to IFRS S1 wasdivided into two standards and issued separately. Specifically, the requirements of IFRS
S1 other than those included in the “core content” section were included in the universal“Application of the Sustainability Disclosure Standards” standard, and the requirementsin the “core content” section in IFRS S1 were included in the theme-based “GeneralDisclosures” standard. The SSBJ thinks the division of IFRS S1 would not affect theresulting disclosures by entities, as all standards would need to be applied simultaneously.
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IFRS S1
“GeneralUniversal Sustainability
Disclosure Standard

Requirements”“Application of the Sustainability
Disclosure Standards”
Fundamentalmatters

Fundamental matters

Theme-based Sustainability
Disclosure Standard

IFRS S2

Core content“Climate-relatedDisclosures”“GeneralDisclosures”（ED No.1）“Climate-relatedDisclosures”

Core content

Core content

Core content

ISSB Standards（ED No.2）

SSBJ Standards

The Exposure Drafts were developed under the assumption that the Sustainability
Disclosure Standards issued by the SSBJ would eventually be required, under theJapanese securities laws and regulations, to be applied by companies listed on the Prime
Market of the Tokyo Stock Exchange. The SSBJ is interested in hearing the views on
the Exposure Drafts from those who are likely to be affected.
Yasunobu Kawanishi, Chair of the SSBJ stated:“We would like to express our sincere gratitude to all those who have contributed to thedevelopment of the Exposure Drafts in such a short period of time. The Exposure Drafts
incorporate all requirements in IFRS S1 and IFRS S2, with some additional jurisdictionspecific options the entity can choose to apply. We are interested in hearing the views
from market participants, in particular, the need for such jurisdiction-specific options.”
The Exposure Drafts are available at:https://www.ssb-j.jp/jp/domestic_standards/exposure_draft/y2024/2024-0329.html
The comment deadline is July 31, 2024.
The Exposure Drafts are published in the Japanese language only. Nevertheless, for theconvenience of English speakers, the SSBJ Secretariat plans to issue a document
describing the summary of differences between the Exposure Drafts and the ISSB’s IFRS
Sustainability Disclosure Standards in the English language shortly.

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About the Sustainability Standards Board of Japan (SSBJ)The Sustainability Standards Board of Japan (SSBJ) was established in July 2022 under
the Financial Accounting Standards Foundation (FASF) and is a private-sector
organization. The legal framework for sustainability disclosure standards is to be
determined by the Financial Services Agency, and the SSBJ will develop domestic
standards in line with such framework, once it is established. The SSBJ is a member ofthe Jurisdictional Working Group of the International Sustainability Standards Board(ISSB) and has been appointed as one of the inaugural members of the Sustainability
Standards Advisory Forum (SSAF).
For more information about the SSBJ, visit its website at https://www.ssb-j.jp/en/[End of Document]

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