Japan SSBJ Sustainability Disclosure Standards

Applies to

Prime Market-listed companies with market capitalisation above JPY 3 trillion in the first phase; expanding to lower thresholds thereafter.

Key points

• Closely aligned with ISSB IFRS S1/S2.
• Phase 1: Prime Market > JPY 3tn cap (FY beginning Apr 2026); subsequent phases lower the threshold.
• FSA-enforced; integrated with Yuho (annual securities report).

Applicability triggers

• Indian-parent group with a Tokyo-listed subsidiary above the threshold.

Practitioner questions

• Will the SSBJ phase-in eventually capture mid-cap Tokyo-listed Indian subsidiaries?

Sources

• SSBJ Standards