Algeria: ESG Reporting is Now Mandatory !

The landscape of the Algerian capital market has just taken a historic leap forward. As of February 10, 2026, environmental, social, and governance (ESG) transparency is no longer a "nice-to-have" or a voluntary CSR gesture?it is a regulatory requirement. Officialized in the Journal Officiel, the COSOB (Commission d?Organisation et de Surveillance des Opérations de Bourse) has introduced Regulation No. 25-04, signaling a new era of accountability for listed companies.

What Does the New Regulation Entail?

The mandate focuses on integrating extra-financial performance into the heart of corporate reporting. Here are the key takeaways from Articles 44 and 45:

• Mandatory Disclosure: All issuers on the main market must now publish an annual extra-financial report covering ESG dimensions.
• Standardization: Reports must follow a specific template defined by the COSOB and align with recognized international frameworks.
• Third-Party Verification: To ensure credibility, reports may be subject to audit by independent bodies.
• Public Accessibility: Transparency is paramount. These reports must be published alongside annual financial statements and remain easily accessible in the "Investor Relations" section of the company's website.

This reform is more than just a paperwork update; it is a strategic pivot for the national economy. By making ESG reporting mandatory, Algeria is: Attracting International Capital: Global investors increasingly prioritize sustainability metrics. Aligning with international standards makes Algerian listed companies more "investable" on the world stage. Enhancing Risk Management: ESG reporting forces companies to identify and mitigate long-term risks related to climate change, social shifts, and governance ethics. Boosting Transparency: Stakeholders?from institutional investors to the general public?now have a clearer view of how companies contribute to the country?s sustainable development.

How APSEC Can Support Your Compliance Journey ?

Transitioning from voluntary to mandatory reporting requires expertise and the right digital infrastructure. APSEC is ready to assist Algerian firms and companies in navigating this new regulatory landscape through:

Tailored ESG Advisory: We provide comprehensive services to help you build, structure, and verify your ESG reports in alignment with international standards.

CARES (Carbon Emission System) Software: Our proprietary software solution designed specifically for Corporate Carbon Footprint (CCF) reporting.

ISO 14064 Compliance: Ensure your greenhouse gas (GHG) assertions are rigorous and audit-ready. CARES automates calculations and reporting according to ISO 14064-1 standards, providing the accuracy needed for the "Environmental" pillar of your ESG report.

As the Algiers Stock Exchange enters this new era, APSEC remains your dedicated partner in turning regulatory obligations into a competitive advantage.