Institutional Capacity Enhancement for International Sustainability Standards Board (ISSB) Adoption in Thailand.

Description

Palladium as the delivery partner for the Foreign, Commonwealth and Development Office (FCDO) funded UK Partnering for Accelerate Climate Transitions (UK PACT) programme invites you to submit a quotation for the services detailed in this RFQ. Thailand is currently undergoing a pivotal transition toward the adoption of International Sustainability Standards Board (ISSB) sustainability disclosure standards, with the goal of elevating its reporting framework to a globally recognised baseline. The Securities and Exchange Commission (SEC), as the primary regulator of Thailand's capital market, plays a central role in this process by setting disclosure requirements, supervising listed entities, and ensuring market readiness. Following its established roadmap, the SEC has adopted a phased approach requiring alignment with IFRS S1 and IFRS S2, with mandatory disclosure beginning in 2027. This marks a significant milestone, expanding corporate reporting beyond traditional financial metrics to include sustainability-related risks and opportunities material to investors. However, the transition presents substantial supervisory and technical challenges, requiring strengthened internal expertise, enhanced review mechanisms, and robust enforcement processes aligned with international best practice. In response, the Thailand-UK PACT programme has engaged with the SEC to provide targeted technical assistance, building on ongoing collaboration to develop ISSB-aligned guidance and integrate disclosure requirements into the 56-1 One Report framework. The objective of the proposed expert deployment is to strengthen the SEC's regulatory capacity through the design and delivery of structured, regulator-focused training on ISSB-aligned disclosures. This includes developing comprehensive training modules on IFRS S1 and S2 requirements from a supervisory perspective, supported by practical exercises, case studies, and guidance on risk-based review approaches, assessment methodologies, and enforcement responses. The intervention will also reinforce good practices in internal processes, documentation, and coordination to ensure consistency and transparency in supervisory work. Complementing ongoing initiatives supporting corporate preparedness, this effort aims to equip the SEC with the knowledge, skills, and tools necessary to effectively oversee ISSB implementation by 2027, ensuring coherent adoption across Thailand's reporting ecosystem and contributing to improved transparency, stronger non-financial reporting, and enhanced access to green and transition finance. Interested suppliers/consortia are encouraged to review the RfQ documentation and submit your proposal in accordance with the instructions above by the Close Date and Time. This RFQ includes the following materials: Schedule 1 - Terms of Reference Schedule 2 - Instructions for submission Schedule 3 - Terms and Conditions Annex I - RFQ Response Form Annex II - Budget and workplan template