We have proposed a new approach for equilibrium reconstruction that can be applied to ITER-like burning plasmas. In this study, we have focused on carrying out equilibrium reconstruction using polarimetry, which is feasible for ITER-like burning plasmas. Polarimetry in burning plasmas is different from that in the existing tokamaks in two regards: (1) increased importance of the relativistic effects and (2) significant coupling with the Faraday and Cotton–Mouton effects. We found that when polarimetric data (orientation angle, θ, and ellipticity angle, , of a polarization state) are used as the constraints in the equilibrium reconstruction, the optimum weighting factors for θ and depend on the magnetic surfaces through which the viewing chord of polarimetry passes. We applied our approach to the operation scenarios II (S2) and IV (S4) in ITER. In the case where the viewing chords are via both the equatorial and upper ports, the measurement requirements for the accuracy of the q-profile in ITER (±10%) were satisfied in S2 and S4 when the measuring errors of θ and were less than 0.5° and 3°, respectively.