THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Ethics and Sustainability: Overview of Sustainability Reporting Webinar – Recording
Date: 8th September 2022
Sustainability reporting is the practice of measuring, disclosing and being accountable to internal and external stakeholders for organizational performance towards the goal of sustainable development. The three aspects of sustainability include social, economic, and environmental and a corporate strategy that focuses on sustainability can add brand value, meet consumer demands, increase efficiency, attract valuable talent and create new opportunities. Sustainability is about protecting the planet and the creatures (including humans) on it. The time scale for business is measured in quarters, annual results, three-to-five-year plans, etc. Climate change, deforestation, reduction in biodiversity, etc. occur over decades or even centuries.
There is a growing demand for transparency in reporting with entities being required to include more disclosures in the financial statements on environment, social and governance. It is the disclosure and communication of environmental, social, and governance in a business organization. Sustainable business practices are believed to attract new customers and retain brand satisfaction by improving the customer experience and encouraging employees to be proud of their workplace.
Financial reporting has evolved over the years and improved from being internally and operationally focused and now aims at reporting on the connectivity of strategic objectives, risk and performance to demonstrate how companies create value. This means that organizations need to understand and report on all areas of performance and not just focus on short-term financial results. This helps management in the analysis, formulation and monitoring and evaluation of strategy and has a significant contribution to make in the validation of strategic plans and decisions.
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 2 CPD Units upon successfully attending each of the sessions.
Charges for the training will be Kes 1,000/= which will cover workshop fees, materials, and e-certificates of attendance.
We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is mandatory. This is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone-based application that is available from google store.
National Industrial Training Authority (NITA) Reimbursement:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)