Sustainability Reporting Using the ISSB Standards

Description

The new set of ISSB Standards is fast becoming a global standard for mandatory sustainability reporting around the world. Countries such as Singapore, Hong Kong, Canada, Australia, South Korea, Japan, India, Brazil, the UK and many others have announced plans to use it for corporate reporting.

In this workshop, we will explain concepts in simple language, recommend best practices, and provide the template needed to draft a full report. The ISSB Standards give a high degree of flexibility and various options for the required disclosures. However, users must read and understand many detailed requirements and application rules. This timely workshop is designed to help you bypass all that.

By the end of this workshop, you will gain the essential knowledge needed to use the ISSB Standards. It includes knowledge review quizzes, best practice examples, and a free copy of a reporting template with guidance notes.

You will be able to:

• Appreciate the history & context behind the ISSB Standards so that you can use it correctly.
• Understand the key concepts and terminology behind the IFRS S1 and S2 disclosure requirements.
• Draft a compliant report using the Trainer’s template with step-by-step guidance.

The workshop is designed to be implementation oriented. After completion, industry practitioners will be able to understand and utilize the ISSB Standards immediately.

Programme Outline

1. History Behind the ISSB Standards

1.1. The Alphabet Soup of standards & frameworks
1.2. Impact vs financial materiality (Inside-out vs Outside-in approach)
1.3. Industry-based versus topic-based standards
1.4. IFRS Foundation takes up the consolidation baton
1.5. Release of IFRS S1 and S2 and early adoption by jurisdictions

2. Understanding the requirements of the IFRS S1

2.1. Who, when, where and how to publish a report
2.2. Omissions, errors & measurement uncertainties
2.3. Statement of compliance & transition reliefs
2.4. Governance, Strategy, Risk Management, Metrics & Targets
2.5. Characteristics of decision-useful information
2.6. Sources of guidance for choosing topics & metrics

3. Climate-related Disclosures Using the IFRS S2

3.1. Introduction to the IFRS S2
3.2. Core content differences versus IFRS S1
3.3. Switching from TCFD Framework to IFRS S2
3.4. Governance & risk management
3.5. Climate-related risks & opportunities
3.6. Climate resilience & scenario analysis
3.7. Cross-industry & industry-based metrics
3.8. Climate-related targets

4. Report Template with Step-by-Step Guidance

4.1. Template overview
4.2. IFRS S1 disclosures
4.3. IFRS S2 disclosures
4.4. Final comments

Participants are encouraged to bring their laptops (internet-enabled with commonly used browsers) to access the online interactive exercises and reference materials.

This workshop qualifies for 7.0 CPE hours in Financial and Sustainability Reporting Standards and Pronouncements (Category 1).

What you will learn

• Learn key concepts and terminology behind the ISSB Standards
• Understand financial materiality and how it is connected to accounting and financial statements
• Understand metrics selection, data collection and presentation requirements under the ISSB Standards
• Align ESG governance, corporate strategy, and enterprise risk management with the ISSB requirements
• Report carbon emissions, set targets and monitor progress in accordance with the ISSB Standards
• Identify gaps in a company’s current sustainability report under Singapore’s mandatory climate reporting regime

Target Audience

• Corporate executives involved in sustainability management & reporting
• C-suite of listed companies subjected to mandatory reporting
• Company directors with fiduciary and corporate governance duties for sustainability
• Investors, fund managers and credit analysts
• Consultants, auditors, entrepreneurs, regulators and software providers for sustainability reporting
• Professionals looking to move into sustainability-related roles

Expert Speaker

Lance Ng

Lance Ng is a FSA Credential Holder and GRI Certified Sustainability Professional. He specializes in helping corporates with ESG and sustainability reporting as a trainer and consultant. In his corporate career, he has worked at JPMorgan, Citibank and Singapore Exchange. As a consultant, his clients have included DBS, Singtel, Bank of Singapore as well as many other government organisations, SMEs and startups.

Trained and experienced in finance, marketing and technology, Lance’s unique approach to ESG training and consulting includes insights on how sustainability is becoming an integral part of mandatory non-financial disclosures within traditional financial reporting, as well as the use of digital tools and A.I. to increase efficiency and productivity for ESG reporting.