IFRS Sustainability Reporting Standards were approved by the National Board of Accountants and Auditors (NBAA) Governing Board during its’ 192^nd meeting held on 29^th September 2023. Subsequently, the NBAA launched the Sustainability Reporting on 18^th October 2023 in Dar es Salaam, Tanzania. This meant the start of the journey to implement International Financial Reporting Standards (IFRS) Sustainability Reporting Standards issued by the International Sustainability Standards Board (ISSB). Two standards are in issue at the moment, these are the IFRS S1 General Requirements for Disclosure of Sustainability-Related Financial Information and IFRS S2 Climate Related Disclosures, issued by the International Sustainability Standards Board (ISSB) in June 2023 with the implementation date of 01^st January 2024.

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