Peru's Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS) and the International Finance Corporation (IFC) signed a technical cooperation agreement to support adoption of International Sustainability Standards Board (ISSB) standards IFRS S1 and IFRS S2, which set global requirements for sustainability-related financial and climate-risk disclosures. The agreement is being implemented under the IESG Peru programme supported by Switzerland through its Economic Cooperation (SECO). The cooperation covers capacity building, review and harmonisation of supervisory instruments, and specialist support to enable effective application of the standards within SBS-supervised entities. The SBS positioned the initiative as a way to better integrate sustainability and climate-related risks into financial-sector risk management and to improve the robustness, comparability and transparency of related disclosures across the financial, insurance and pension systems.
Superintendencia de Banca, Seguros y AFP del Peru 2025-11-26
Peru's Superintendency of Banking, Insurance and Private Pension Fund Administrators signs technical cooperation agreement with IFC to promote ISSB IFRS S1 and S2 adoption
Peru's SBS and the IFC have signed a technical cooperation agreement to support adopting ISSB standards IFRS S1 and IFRS S2. The initiative aims to enhance sustainability, climate-risk management, and disclosure transparency across financial, insurance, and pension sectors. The agreement includes capacity building and harmonisation of supervisory instruments under the IESG Peru programme, supported by Switzerland's SECO.