Karachi: Pakistan Stock Exchange Limited (PSX) has issued a second reminder to all listed companies about an urgent training workshop on International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards scheduled for Tuesday, July 23, 2024. This workshop, in collaboration with the UN Sustainable Stock Exchanges (SSE) Initiative, aims to enhance understanding and implementation of IFRS Sustainability disclosure standards S1 and S2.

The session, set from 2:00 pm to 5:30 pm, is pivotal for aligning the operational and reporting practices of companies with IFRS Sustainability Standards, increasingly essential in the global financial landscape. According to information available from the Pakistan Stock Exchange (PSX), the training will address the clarity and accessibility of IFRS Standards relevant to Environmental, Social, and Governance (ESG) and will facilitate ESG Standards compliance for reporting by listed companies.

Participants will gain a comprehensive understanding of the IFRS Sustainability Standards framework and requirements, aiming to enhance corporate sustainability practices and keep pace with regulatory and market expectations. Insights from industry experts and practitioners will be shared, with the overall goal of fostering a collective movement towards sustainable and transparent corporate practices.

Attendance is mandatory for all listed companies. PSX emphasizes the critical participation of key professionals, especially those involved in financial reporting, corporate sustainability, and strategic planning. A company may nominate more than one member or employee to ensure thorough representation and compliance with the new standards.

PSX looks forward to active participation from all stakeholders in this significant initiative, highlighting its commitment to a sustainable and transparent corporate sector.