Karachi: The Pakistan Stock Exchange Limited (PSX) has scheduled a training workshop for representatives of listed companies on the new International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards. This workshop, organized in collaboration with the UN Sustainable Stock Exchanges (SSE) Initiative, is set to take place on July 23, 2024. According to information available from the Pakistan Stock Exchange (PSX), registration for the event is necessary and must be completed via the provided Zoom link prior to the workshop date.

The training session aims to familiarize participants with the IFRS Sustainability disclosure standards S1 and S2, enhancing their ability to integrate these standards into their business reporting and operations. The initiative underscores the increasing importance of sustainability in the global financial landscape, where adhering to recognized standards is becoming critical for regulatory and market positioning.

Key objectives of the workshop include assisting companies in understanding and implementing IFRS Sustainability Standards, improving the clarity and accessibility of IFRS Standards relevant to environmental, social, and governance (ESG) matters, and facilitating the compliance of ESG Standards for reporting.

The workshop promises several benefits for attendees, including gaining a thorough understanding of the framework and requirements of the IFRS Sustainability Standards, enhancing corporate sustainability practices and reporting, staying ahead of regulatory and market expectations, and acquiring insights from industry experts and practitioners.

Attendance at the workshop is mandatory for all listed companies on the PSX. It is specifically targeted at key professionals involved in financial reporting, corporate sustainability, and strategic planning. Companies are encouraged to nominate more than one member or employee to attend, ensuring comprehensive coverage and implementation of the standards discussed.

The PSX and the UN SSE Initiative look forward to robust participation from all listed companies, emphasizing the critical nature of this training in fostering a sustainable and transparent corporate sector in Pakistan.