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
Theme: Building Blocks of Sustainability Reporting: Mastering IFRS S1 and S2
DATE: 23rd – 27th JUNE 2025
TIME: 9:00 AM – 3:30 PM
Venue: Villa Rosa Kempinski
(This is one of the mandatory trainings for Practicing Certificate consideration)
OVERVIEW
Sustainability reporting is experiencing a significant surge in prominence, to create a global baseline for consistent, comparable, and verifiable sustainability-related financial disclosures aimed at providing information useful to investors in making resource allocation decisions the International Sustainability Standards Board (ISSB) in June 2023 issued IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures as the foundational sustainability disclosure standards.
The institute in accordance with statement of members obligation 7 International Financial Reporting Standards (IFRS) and Other Pronouncements Issued by the IFRS Foundation demonstrated willingness to adopt IFRS S1 & S2 on 6 September 2023, and developed the roadmap for adoption of IFRS sustainability disclosure standards in Kenya which was subsequently launched in November 2024.
To ensure compliance and adherence to the stipulated dates, the institute has organized for a mandatory Sustainability Reporting- IFRS S1 & S2 Workshop aimed at empowering preparers, users and assurance providers as they embark on the compliance journey.
The roadmap for adoption of IFRS sustainability disclosure standards in Kenya takes on a phased approach structured as follows:
| Phase | Timelines (Accounting period beginning on or after) | Organizations Involved |
| Phase 1 – Voluntary Adopters | 1-Jan-24 | All organizations |
| Phase 2 – Mandatory Adoption | 1-Jan-27 | Public Interest Entities (PIEs) |
| 1-Jan-28 | Non-PIEs (Large Enterprises) | |
| 1-Jan-29 | Non-PIEs (SMEs) | |
| Phase 3 – Government Organizations | To be determined by ICPAK | Government organizations |
Key areas to be covered
| DAY | Â MODULE | Â TOPICS | ||
| Day 1 | A.     Introduction to IFRS S1 | ·        The Need for Sustainability Reporting
·        Objective of IFRS S1 ·        Relationship with Other Standards |
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| B.     General requirements | ·        General requirements
·        Sources of Guidance ·        Location of Disclosures ·        Timing of reporting ·        Comparative information ·        Statement of Compliance ·        Judgments, uncertainties & errors ·        Best practices in data collection ·        Building capacity within the organization ·        Transition Reliefs |
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| C.    Core Content: Governance | ·        The Role of Governance Disclosures in Sustainability Reporting
·        Foundational Concepts ·        Governance Disclosures under IFRS S1 o  Deep Dive: Board-Level Governance o  Deep Dive: Management’s Role ·        Sample governance disclosure formats |
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| DAY 2 | D.    Core Content: Risk Management | ·        Required Disclosures
·        Risk Identification and Assessment ·        Risk Mitigation and Control ·        Link to Strategy and Metrics ·        Walkthrough of a risk disclosure template |
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| E.     Core Content: Strategy | ·        The Role of Strategy in Sustainability Reporting
·        Positioning strategy as the bridge between governance and risk ·        Scope of Strategic Disclosures ·        Core Disclosure Requirements ·        Practical Tools and Disclosure Techniques |
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| DAY 3 | F.      Metrics and Targets | ·        Core Disclosure Requirements
·        Greenhouse Gas (GHG) Emissions ·        Cross-Industry Metrics ·        Industry-Based Metrics ·        Climate-Related Targets |
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| G.    Introduction to IFRS S2 | ·        Objective of IFRS S2
·        Mandatory Link to IFRS S1 ·        Scope of Climate-Related Matters |
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| H.    Application of the Core Content Areas in IFRS S2 | Governance
Strategy
Risk Management
 Metrics and Targets
|
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| DAY 4 | I.       Materiality Assessment | ·        Definition and Concept of Materiality
·        Materiality Judgment Process ·        Sources of Information ·        Boundary of reporting ·        Integration with Risk and Opportunity Assessment ·        Documentation and Audit Trail |
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| J.       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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| K.     Case Study | ·        Practical case study on implementation of IFRS Sustainability Disclosure Standards | |||
| DAY 5 | L.     GHG Accounting | GHG Emissions
·        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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| M.   Roadmap for Adoption of IFRS Sustainability Disclosure Standards | ·        Adoption of IFRS Sustainability Disclosure Standards
·        Key Considerations for Effective Adoption ·        General Requirements for Disclosing Sustainability Information |
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be 20 CPD Units upon successfully attending each session of the Seminar.
 Target Audience:
Private and Public Sector Accountants, Chief Finance Officers, Finance Directors and Managers, Corporate reporting Experts, Transaction Advisors, Pension Scheme Administrators, Fund Managers, Engagement Partners and Key Audit staff, Banking, Extractive and SMEs sector accountants, Auditors, Practitioners, Heads of Internal Audit and Assurance functions, Professionals working in County Governments, Anyone interested in gaining a practical overview of Sustainability Reporting, Audit Committee Members.
FINANCIAL INVESTMENT
| Â | Category | Virtual |
| 1 | Associates | 25,000 per delegate |
| 2 | ICPAK /ACCA Members | 25,000 per delegate |
| 3 | Non-members | 25,000 per delegate |
Charges for the training will cover workshop fees, materials, and e-certificates of attendance.
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.  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).
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.
