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Listed companiesISSB reporting for Qatar listed companies · Qatar and the GCC
ISSB reporting for Qatar listed companies
The QFMA Governance Code requires listed companies to report under the ISSB Standards, with external assurance. We help you build a report that holds up to your auditor.
What it is
The short version
QFMA Board Decision No. 5 of 2025 issued a new Governance Code for Listed Companies. It took effect on 17 August 2025. Article 11 and Appendix 1.4 require listed companies to use the ISSB Standards, IFRS S1 and IFRS S2.
QFMA guidance for Main Market companies requires external assurance of the sustainability report under Chapter Five of the Code. It points to ISSA 5000 as the assurance standard.
Listed companies must publish the sustainability disclosures at the same time as the financial statements, from the first year. The IFRS S1 relief to publish later in year one is not available to them.
Who needs it in the GCC
Who we work with
- Companies listed on the Qatar Stock Exchange Main Market.
- Listed banks and insurers, which also fall under the QCB framework.
- Venture Market companies that choose to apply the ISSB Standards. QFMA permits it.
Why now
The IFRS Foundation Qatar profile records the requirement as starting with financial years beginning on or after 1 January 2026. For a December year end, the first report publishes with the 2026 financial statements, and it must be assured.
Assurance changes the work. Your external auditor will test the data, the controls and the judgements behind every number. That evidence has to exist before the report is drafted, not after.
Key facts: QFMA Governance Code and ISSB
What we deliver
Concrete outputs, not slides
Every engagement ends with files your team owns and can reuse next year.
- Gap assessment against IFRS S1, IFRS S2 and the QFMA guidance
- Materiality assessment linked to cash flows, access to finance and cost of capital
- Full S1 and S2 report build: governance, strategy, risk management, metrics and targets
- Climate scenario analysis, qualitative in year one with a path to quantitative
- Scope 1 and 2 inventory, and a Scope 3 screening ready for when the relief ends
- Assurance readiness: data trails, controls and a dry run with your external auditor
- Board and audit committee training on ISSB duties and sign-off
How we work
Four steps
- 01
Assess
We map your current ESG report and QSE indicators against every ISSB requirement and rank the gaps.
- 02
Build
We set governance, run materiality, calculate emissions and run the scenario analysis with your teams.
- 03
Draft
We write the disclosures to sit with your financial statements, with a source for every number.
- 04
Assure
We prepare the evidence pack and work through your external auditor's questions before sign-off.
Free tool
Scope 1-3 emissions calculator
Estimate your Scope 1, 2 and 3 emissions with sourced Qatar factors.
FAQ
Common questions
Which rule requires ISSB reporting for listed companies?
The QFMA Governance Code for Listed Companies, issued by Board Decision No. 5 of 2025 and effective 17 August 2025. Article 11 and Appendix 1.4 require the ISSB Standards.
Who provides the assurance?
QFMA guidance requires external assurance under Chapter Five of the Code and refers to ISSA 5000. Agree the scope with your external auditor early.
Do we have to report Scope 3 in year one?
No. The IFRS Foundation profile records the Scope 3 relief extended to two years in Qatar. Plan the data now so year three is not a scramble.
Does the Venture Market have to comply?
QFMA permits Venture Market companies to apply the ISSB Standards. The mandatory requirement covers the Main Market.
Can we publish the report after the accounts?
Not as a listed company. QFMA guidance does not allow the first-year timing relief in IFRS S1.
Can you provide the assurance?
No. We prepare you for it. Assurance stays with your external auditor.
Tell us your deadline
Send us the report date, the lender request or the project brief. We reply within one working day with what applies and what it takes.
Contact us