Overview of IFRS S1 and S2 webinar

INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)

Overview of IFRS S1 & S2 Webinar
12th May 2026
Time: 4.00- 6.00PM
Venue – Virtual

Overview

The release of IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2: Climate-related Disclosures represents a transformative shift in corporate reporting and a cornerstone for organizations seeking to integrate sustainability into mainstream financial reporting. Developed by the International Sustainability Standards Board (ISSB), these standards provide a systematic and comprehensive framework for identifying, assessing, and disclosing sustainability-related risks and opportunities that could affect an entity’s cash flow, access to finance, or cost of capital. Well-prepared disclosures enhance transparency, facilitate accountability, and provide stakeholders with relevant, faithful, comparable, and verifiable information, thereby supporting informed decision-making and strengthening investor confidence.

IFRS S1 establishes overarching principles for sustainability disclosures, emphasizing four key pillars: governance, strategy, risk management, and metrics & targets. By requiring entities to consider material sustainability matters, assess reporting boundaries, and ensure consistency with financial statements, IFRS S1 enables organizations to present a clear and holistic picture of how sustainability issues influence their performance and long-term value creation. IFRS S2 builds on this foundation by focusing specifically on climate-related risks and opportunities, including physical and transition risks, scenario analysis, climate resilience strategies, and greenhouse gas emissions across Scopes 1, 2, and 3. Together, these standards promote integrated thinking, encouraging organizations to move beyond isolated reporting of ESG issues toward a comprehensive approach that aligns sustainability disclosures with strategic objectives and financial performance.

Creating and implementing disclosures under IFRS S1 and S2 is central to proactive sustainability reporting. It provides a practical tool for identifying and monitoring emerging risks, evaluating the organization’s climate exposure, and aligning mitigation strategies with operational and strategic priorities. By systematically documenting and disclosing material sustainability matters, organizations are better prepared to anticipate disruptions, respond to stakeholder expectations, and allocate resources efficiently. This contributes to enhanced governance, reduced uncertainty, and improved resilience, ultimately increasing the organization’s ability to achieve long-term objectives.

It is in response to this evolving landscape that the Institute of Certified Public Accountants of Kenya (ICPAK) has organized this webinar to equip participants with skills for understanding, interpreting, and applying IFRS S1 and IFRS S2. The session is designed to cover the following topics:

1. Introduction to IFRS Sustainability standards
2. IFRS S1 general requirements for sustainability-related financial information
3. IFRS S2: Climate-related Disclosures – Risk Management, Metrics and Targets, Core Disclosure Requirements
4. IFRS S2: GHG Emissions – Introduction to GHG Emissions under IFRS S2, GHG Emission Key Concepts and Terminology
5. Implementation Considerations, Readiness Assessment, and Assurance Requirements

TARGET AUDIENCE:

This workshop will be useful to all Professional Accountants and those aspiring to join the Profession, Sustainability Practitioners, Consultants, Auditors, Advisors , Investors and Financial Analysts

CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 2 Structured CPD Units upon successful completion of the workshop.

FINANCIAL COMMITMENT:
The workshop charges are Kshs. 1,000. Charges will cater for the workshop fees, learning materials, and e-certificates of attendance.

ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking We call on workshop participants to note that booking is available only online at www.icpak.com and will close one day before the training session. Delegates are reminded to note that online booking for the training is mandatory.

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).

Further requests can be channeled to us via telephone calls on, +254 719 074 100,  or via email to marketing@icpak.com

We encourage members to regularly visit our website https://www.icpak.com for update