SUSTAINABILITY REPORTING UNDER IFRS S1 AND S2 AND THE INTRODUCTION OF ESG REPORTING IN UZBEKISTAN: INTERNATIONAL EXPERIENCE AND COMPARATIVE ANALYSIS

This article analyses the content of sustainability reporting under IFRS S1 and IFRS S2 issued by the International Sustainability Standards Board (ISSB), the dynamics of their adoption worldwide, and Uzbekistan’s experience in introducing ESG reporting. The study compares data of the IFRS Foundation and KPMG, Resolution No. 221 of the Cabinet of Ministers of the Republic of Uzbekistan dated 4 May 2026, and the findings of regional research. The results show that, as of February 2026, 40 jurisdictions had decided to use ISSB Standards or were taking steps to introduce them, while in Uzbekistan a phased transition programme has been set for 22 state-participated enterprises. The article identifies the features that distinguish Uzbekistan’s approach from international requirements, in particular the double materiality principle and external assurance requirements, and proposes measures to improve implementation.