KPMG Breakfast Talk - ENR Sector Insights: Addressing challenges in implementing ISSB Standards

The International Sustainability Standards Board (ISSB) recently unveiled its inaugural standards, IFRS S1 and IFRS S2, on 26 June 2023. These standards signify a pivotal milestone in the era of sustainability-related disclosures in global capital markets – with an objective to ensure the integration of sustainability-related details alongside financial statements within the same reporting package. These standards are designed to align with diverse accounting requirements and are rooted in the fundamental concept of the widely embraced IFRS Accounting Standards, which are mandated in over 140 jurisdictions. Consequently, the ISSB Standards hold universal applicability, providing a consistent global foundation.

IFRS S1 encompasses disclosure requirements that enable companies to communicate with investors about the risks and opportunities they encounter in relation to sustainability over short, medium, and long-term durations. Meanwhile, IFRS S2 specifies particular disclosures pertaining to climate change and is designed to complement IFRS S1. Both standards also incorporate the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Despite the standards' intended purpose of bolstering trust and confidence in companies’ sustainability disclosures to aid investors in making informed investment decisions, industry players still grapple with a comprehensive understanding of its requirements.

In view of this, we are delighted to extend an invitation for you to join us in the KPMG Breakfast Talk titled "ENR Sector Insights: Addressing challenges in implementing ISSB Standards", exclusive for industry players in the Energy and Natural Resources sector to gain insights and exchange information on how the standards will affect the industry. This event has been curated to enlighten participants on the standards’ implementation criteria while showcasing a case study to illustrate its application.

Who should attend:
• Board of Directors
• C-Suite Executives
• HODs / Executives - Finance, Tax and Sustainability

NOTE
REGISTRATION: Closes on 4 August 2023. Seats for this session are limited. Registration is on a first come, first served basis so do book your places with us early.