The question was phrased by the source as follows: "Do you think your company is ready to apply IFRS S1 and S2?"
The survey was responded by 200 major companies in Latin America across 16 different countries. Â
Missing percentage points to 100 percent are due to rounding.
IFRS S1 and IFRS S2 are sustainability disclosure standards developed by the International Sustainability Standards Board (ISSB) under the IFRS Foundation to enhance transparency and consistency in corporate sustainability reporting. IFRS S1 provides a framework for disclosing sustainability-related financial risks and opportunities, ensuring integration with general financial reporting. IFRS S2, focuses specifically on climate-related risks, requiring disclosures on governance, strategy, risk management, and metrics and targets.Â
Citation formats
Portion of firms ready to apply IFRS S1 and S2 standards in Latin America 2024
As of 2024, the largest portion of survey respondents in Latin America noted not being ready to implement the International Financial Reporting Standards (IFRS) S1 and S2 standards. Overall, ** percent of Latin American firms stated that they were ready to apply IFRS standards, while ** percent indicated they are analyzing it. Brazil was the least prepared single country, whereas Chile was the most prepared, with ** percent of firms having indicated they were able to apply IFRS standards.
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RSM International. (November 4, 2024). Portion of firms ready to apply International Financial Reporting Standards (IFRS) S1 and S2 standards in Latin America in 2024, by region [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/1553166/ifrs-s1-s2-application-in-companies-in-latin-america/
RSM International. "Portion of firms ready to apply International Financial Reporting Standards (IFRS) S1 and S2 standards in Latin America in 2024, by region ." Chart. November 4, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/1553166/ifrs-s1-s2-application-in-companies-in-latin-america/
RSM International. (2024). Portion of firms ready to apply International Financial Reporting Standards (IFRS) S1 and S2 standards in Latin America in 2024, by region . ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/1553166/ifrs-s1-s2-application-in-companies-in-latin-america/
RSM International. "Portion of Firms Ready to Apply International Financial Reporting Standards (Ifrs) S1 and S2 Standards in Latin America in 2024, by Region ." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 4 Nov 2024, /statistics/1553166/ifrs-s1-s2-application-in-companies-in-latin-america/
RSM International, Portion of firms ready to apply International Financial Reporting Standards (IFRS) S1 and S2 standards in Latin America in 2024, by region ÌÇÐÄÆƽâ°æ, /statistics/1553166/ifrs-s1-s2-application-in-companies-in-latin-america/ (last visited July 31, 2026)
Portion of firms ready to apply International Financial Reporting Standards (IFRS) S1 and S2 standards in Latin America in 2024, by region [Graph], RSM International, November 4, 2024. [Online]. Available: /statistics/1553166/ifrs-s1-s2-application-in-companies-in-latin-america/
