Reporting on Sustainability(S1) and Climate Change(S2)-March Online

Reporting on Sustainability(S1) and Climate Change(S2)-March Online

24th – 25th March 2025

09:00 am – 3:30 pm (GMT+4) Gulf Standard Time
01:00 pm – 7:30 pm (GMT+8) Singapore/Malaysia Time

COURSE OVERVIEW

The IFRS Foundation was recently restructured into two pillars, namely the existing International Accounting Standards Board (IASB) and the newly formed International Sustainability Standards Board (ISSB). The ISSB will focus on sustainability and climate change and issued two new sustainability standards (IFRS S1 and S2) that will change the face of financial reporting for ever. This is a two-day seminar that is based on these new developments of the ISSB and will focus on the reporting on sustainability and climate change.

The seminar is unique as it also highlights the link between Sustainability and Environment, Social and Governance (ESG). The seminar also focuses on the disclosing the carbon footprint of a corporation through the measurement of direct, or indirect, upstream, or downstream greenhouse gas (GHG) emissions in three scopes.

LEARNING OUTCOMES

  • Gain knowledge on the new developments of the ISSB.
  • Link ESG with sustainability and climate change.
  • Understand the principles of sustainability and the effect of climate change.
  • Be able to calculate GHG emissions three scopes.
  • Report and disclose sustainability and climate change related information in the annual reports.

Why You cannot Miss this Event

  • The radical developments of the above-mentioned standards and frameworks make it imperative for all members in the financial environment to keep abreast with the changes.
  • If you attend this seminar, you will be well equipped with the necessary financial reporting knowledge to carry you through the next 5 years as the IASB will only focus on improving the current standards in the medium term.
  • You cannot teach accounting without examples. The practical examples make this training event unique and different from the rest.

Practical Focus

The seminar is wrapped around real life scenarios, practical examples and illustrations of sustainability and climate change issues. This will also assist delegates in the calculating and measuring of Greenhouse Gas emissions to disclose the information in the annual reports.

    Inquiry

    Day-01Day-02
    Background to SustainabilityMeasurement of GHG emissions
    Sustainability, climate change and social responsibility.
    Who will force change?
    Measuring and reporting on sustainability.
    Carbon emission calculations
    The basic calculation and the use of emission factors (EFs)
    Quantification of EFs
    The use of the Global Warming Potential (GWP)
    Revised basic calculation
    Sources of EFs
    Calculation of EFs for direct and indirect emissions
    7 Examples of scope 1, 2 and 3 emissions
    Building blocks of sustainabilityScope 3 emissions: Methods and calculations
    Understanding the sustainability issues.
    Sustainably development goals.
    Identifying the sustainability issues and risks.
    Develop strategy to contribute to the SDGs through the business model.
    Develop integrated thinking, connectivity and governance.
    Sustainability is a management function.
    15 Categories
    Boundaries
    Different Methods
    22 Unique Examples
    The link ESG and SustainabilityGHG Inventory accounting
    How did ESG originated?
    Background to ESG.
    Linking ESG with sustainability goals.
    Environment + Social + Governance = Sustainability.
    ESG = Smarter business.
    Questions and answers.
    Time to change.
    What is the GHG inventory?
    Steps of rolling up the GHG inventory
    Comprehensive example and case study
    Excel spread sheets
    The Climate Change and the carbon cycleReporting on the three scopes
    What is the importance of carbon?
    Reservoirs of carbon
    The carbon cycle
    The risk of the greenhouse effect
    What causes climate change?
    Most important greenhouse gases
    The effects of climate change
    Behavior of customers and impact on business
    What can corporates do?
    Concept of circular economy.
    General principles
    Why account for Greenhouse gases?Relevant reporting frameworks
    Time to change
    To measure is the starting point
    What is carbon accounting?
    Physical and financial carbon accounting
    Carbon disclosure project (CDP)
    Climate disclosure standards board (CDSB)
    Global reporting initiative (GRI)
    International integrated reporting council / Value reporting framework (IIRC/VRF)
    Sustainability accounting standards board (SASB)
    IFRS Foundation and structure
    The value chainOther relevant standards
    Time to change
    Direct vs indirect emissions
    Defining the three scopes
    Upstream and downstream emissions
    Importance of the three scopes
    Climate Disclosure Standards Board (CDSB)
    Value Reporting Foundation (VRF