To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
SUSTAINABILITY REPORTING – IFRS S1 & S2 WORKSHOP
DATE: 2nd -6th March 2026
TIME: 9:00 AM – 3:30 PM
Venue: Virtual Delivery
Theme:
(This is one of the mandatory trainings for Practicing Certificate consideration)
OVERVIEW
The global corporate reporting landscape is undergoing a profound transformation as sustainability-related risks and opportunities increasingly affect enterprise value, capital allocation, and long-term business viability. Investors, lenders, regulators, and other capital providers are no longer satisfied with high-level ESG narratives; they are demanding decision-useful, comparable, and verifiable sustainability information that is clearly connected to financial performance and position.
In response to this demand, the International Sustainability Standards Board (ISSB) issued IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures) to establish a global baseline for sustainability reporting that is investor-focused, consistent, and integrated with financial reporting. These standards reposition sustainability disclosures from stand-alone reports to an integral component of general-purpose financial reporting, subject to governance, controls, and assurance expectations similar to those applied to financial statements.
However, despite growing awareness of IFRS S1 and S2, many organizations face significant challenges in operationalizing the standards. Preparers often understand the conceptual requirements but struggle with practical questions such as:
In many cases, existing ESG reports are narrative-heavy, inconsistently structured, and weakly linked to financial outcomes. This creates credibility risks, exposes organizations to accusations of greenwashing, and undermines the usefulness of sustainability information for decision-making. For emerging and developing markets in particular, capacity constraints, data limitations, and evolving regulatory expectations further compound these challenges.
This workshop is designed to respond to that bridge that gap. By focusing on practical reporting application rather than standard-by-standard exposition, it aims to equip participants with the tools, frameworks, and confidence required to prepare clear, coherent, and decision-useful sustainability disclosures aligned with IFRS S1 and S2. The workshop also recognizes sustainability reporting as a journey, supporting participants in moving from initial compliance toward mature, integrated, and credible sustainability reporting practices.
Key Topics
| DAY | MODULE | TOPICS |
| DAY 1 | A. Understanding the IFRS Sustainability Reporting Architecture | · The Need for Sustainability Reporting
· Purpose and scope of IFRS S1 and S2 · Position of sustainability disclosures within general-purpose financial reporting · Relationship between IFRS Sustainability Standards and financial statements · Transition from voluntary ESG reports to regulated disclosures · Implications for preparers, boards, and auditors |
| B. Identifying Material Sustainability-related Risks and Opportunities | · Definition of sustainability-related risks and opportunities under IFRS S1
· Financial materiality vs impact materiality · Practical approaches to identifying material topics · Use of value chain analysis in materiality assessment · Documentation and governance of materiality judgments |
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| C. Reporting Governance, Strategy, and Risk Management | · Governance disclosures: roles of the board and management
· Linking sustainability risks and opportunities to strategy · Integrating sustainability into enterprise risk management (ERM) · Avoiding boilerplate disclosures · Examples of strong vs weak IFRS S1 governance narratives
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| DAY 2 | D. Selecting and Reporting Sustainability Metrics | · Principles for selecting appropriate metrics
· Industry-based disclosures and use of SASB standards · Quantitative vs qualitative metrics · Data sources, assumptions, and estimation uncertainty · Ensuring consistency and comparability · |
| E. Scenario Analysis | · Purpose and Benefits of Scenario Analysis
· Types of Scenarios · Resilience Assessment · Integration into Strategic Planning · Disclosure Expectations under IFRS S2 · Governance of Scenario Analysis · Challenges and Best Practices
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| F. GHG Accounting | · Cross-industry climate metrics
· Introduction to GHG Emissions · Climate-Related Financial Risk and GHG Emissions · GHG disclosure · GHG key concepts · GHG measurements · Disaggregation of GHG emissions.
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| G. Connectivity Between Sustainability and Financial Reporting | · Linking sustainability risks to financial impacts
· Implications for revenue, costs, assets, liabilities, and provisions · Consistency between sustainability disclosures and management commentary · Avoiding contradictions between ESG reports and financial statements · Preparing for assurance and audit scrutiny |
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| DAY 3 | H. Climate-related Risks and Opportunities under IFRS S2 | · Physical vs transition climate risks
· Short-, medium-, and long-term climate impacts · Identifying climate-related opportunities · Value chain and geographic considerations · Climate-related targets and transition plans
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| I. Preparing a Coherent IFRS S1 & S2–Aligned Report | · Structuring sustainability disclosures
· Integrating IFRS S1 and S2 requirements coherently · Avoiding duplication across reports · Readiness for assurance and regulatory review · Roadmap for continuous improvement and year-on-year enhancement |
TARGET AUDIENCE:
This training will be useful to all professional Accountants and professionals from all relevant cross-cutting disciplines since sustainability reporting and the IFRS Sustainability Disclosure Standards are professional agnostic.
CPD UNITS
Members who attend the webinar in full will earn 20 Structured CPD Units.
FINANCIAL COMMITMENT:
| Category | Charges Physical | Virtual |
| Associate Members | Kes. 54,000 per Delegate | Kes. 25,000 |
| Full Members | Kes. 59,000 per Delegate | Kes. 25,000 |
| Non-Member | Kes. 64,000 per Delegate | Kes. 25,000 |
ONLINE BOOKING:
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
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT
The Institute is registered as a trainer with National Industrial Training Authority (formerly Department of Industrial Training -DIT). 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 updates.
To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
