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.
Day-01 | Day-02 |
---|---|
Background to Sustainability | Measurement 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 sustainability | Scope 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 Sustainability | GHG 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 cycle | Reporting 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 chain | Other 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 |