The Chile Financial Market Commission (CMF) announced the completion of a first workshop cycle on preparing 2026 Integrated Annual Reports, using the event to encourage directors and executives to prepare early for sustainability disclosure requirements under General Rule No. 519, which adopts IFRS S1 and S2. The CMF reiterated that implementation of IFRS S1 and S2 starts in 2027 based on information from fiscal year 2026. The three in-person sessions were held on April 21, 23, and 30 and were sponsored by the Santiago Chamber of Commerce and Governart. They focused on ESG management and reporting requirements. In remarks at the inaugural session, CMF Market Development Director Pamela Searle said climate and sustainability risks fall within the Commission's legal mandates because of their effects on financial stability, market behavior, and financial market development. She also said convergence to the International Sustainability Standards Board's IFRS S1 and S2 standards should improve the consistency, comparability, and usefulness of disclosures for decision-making and align reporting more closely with global investor needs. The CMF said it will continue monitoring international initiatives and working with the private sector to advance improvements in sustainability reporting.
Chile Financial Market Commission 2026-04-30
Chile Financial Market Commission promotes readiness for IFRS S1 and S2 integrated reporting ahead of 2027 implementation
The Chile Financial Market Commission has completed a workshop cycle on preparing 2026 Integrated Annual Reports and urged directors and executives to prepare early for sustainability disclosure requirements under General Rule No. 519, which adopts IFRS S1 and IFRS S2 from 2027 based on 2026 data. The Commission highlighted that climate and sustainability risks fall within its mandate and that convergence to International Sustainability Standards Board standards should enhance the consistency, comparability and usefulness of disclosures for global investors.