SBP-SG-CIRCULAR-2026-0069: Adoption of ISSB Sustainability Disclosure Standards

July 8, 2026
SBP-SG-CIRCULAR-2026-0069

To:
General Manager
City

Reference: Adoption of ISSB Sustainability Disclosure Standards

Dear General Manager:

Through Resolution No. 012-2025 of the Accounting Standards Board, published in Official Gazette No. 30480 on March 11, 2026, the Republic of Panama adopted the ISSB Sustainability Disclosure Standards, issued by the International Sustainability Standards Board (ISSB), with entry into force effective January 1, 2026.

These standards require entities to integrate, into their financial information, risks and opportunities related to sustainability and climate change.

Considering that said resolution contemplates the possibility of early adoption, this Superintendency will evaluate the application date, the scope of implementation, and the regulatory conditions applicable to the banking sector, in exercise of its powers regarding financial information regulation and disclosure.

In addition, it is informed that the Superintendency will issue specific guidelines for the implementation of these standards, with the purpose of providing technical clarity and ensuring their uniform application in the banking system.

Sincerely,

Milton Ayón Wong
Superintendent

KS/sl

"Solidity and trust: guarantors of the rights of banking consumers"

Av. Samuel Lewis, Panama Business Tower, ground floor - Tel.: (507) 506 7800 / (507) 506-7900 - Fax (507) 506-7700 / 506-7703

Postal Box 0832-2397 W.T.C. Panama, Republic of Panama - www.superbancos.gob.pa - email: superbancos@superbancos.gob.pa

Official document signed with Qualified Electronic Signature in the Document Transparency System – TRANSDOC of the Superintendency of Banks of Panama, in accordance with Law 83 of 09/11/2012 and Executive Decree No. 275 of 11/05/2018. Use the QR Code to verify the authenticity of the document or the URL:
https://sigob.superbancos.gob.pa/consulta?id=H4X8ZnVSinsswlLc%2B6PS78Dk7irNFKExYKzzObjwtsI%3D