News Release
Banking Sector Stakeholders Launch IFRS S1 and S2 Reporting Template, Ushering in a New Era of Sustainability Disclosures
Nairobi, April 23, 2025… Banking industry umbrella body, Kenya Bankers Association (KBA), in partnership with the Institute of Certified Public Accountants of Kenya (ICPAK), WWF-Kenya, and FSD Kenya, has launched the IFRS S1 and S2 Disclosures Reporting Template for Banks, in an initiative that seeks to standardize sustainability and climate-related risk reporting across Kenya’s banking sector.
The template equips financial institutions to align with global benchmarks, enhance decision-making, and unlock opportunities in the transition to a low-carbon and socially inclusive economy. Developed through industry collaboration, the template is anchored on four pillars: governance, strategy, risk management, and metrics and targets. Through the template, banks will strengthen their capability to integrate mechanisms into their decision-making processes to effectively manage and mitigate climate and sustainability-related risks in both the short and long term.
Click here to read more News Release-Partners Unveil IFRS S1 and S2 Disclosures Reporting Template for Banks to Strengthen Climate Resilience[100][20]
Click here to access template https://www.kba.co.ke/downloads/
