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IFRS Sustainability Disclosure Standards Awareness – Gearing Up the Board of Directors
CPE Eligible 5 Points
HRDC Claimable TBC
Overview
This half-day programme is designed to build a common baseline of knowledge among Board of Directors on sustainability reporting requirements under the IFRS Sustainability Disclosure Standards (IFRS SDS) and Malaysia’s National Sustainability Reporting Framework (NSRF). The session will cover the sustainability reporting landscape in Malaysia, key disclosure requirements under IFRS SDS and the critical role of the Board in overseeing sustainability-related risks and opportunities
The Advisory Committee on Sustainability Reporting (ACSR) has issued the National Sustainability Reporting Framework (NSRF) which requires issuance of sustainability report in accordance with the IFRS Sustainability Disclosure Standards (IFRS SDS), as issued by the International Sustainability Standards Board (ISSB) (ISSB Standards), for three (3) groups on entities in Malaysia. Under the IFRS SDS, these entities are required to disclose how they evaluate and ensure the availability or development of appropriate skills and competencies to oversee strategies addressing sustainability-related risks and opportunities. This programme aims to gear up & build a common baseline of knowledge among the board of directors (BoDs) to support a coherent and informed sustainability reporting in line with the IFRS SDS and Malaysia’s NSRF requirements. We will be covering the current sustainability reporting and regulatory landscape in Malaysia, the core content disclosure requirements under IFRS SDS and appreciate how the SASB industry specific metrics are applied as a tool in identifying & considering sustainability risks & opportunities.

What will you learn from this programme?

By the end of this programme, participants will be able to:
  • LO1 define the fundamentals of the IFRS Sustainability Disclosure Standards and their significance
  • LO2 describe how transparent sustainability reporting enhances business competitiveness
  • LO3 explain the Board roles and responsibilities in sustainability governance and reporting
  • LO4 discuss the Board’s oversight role in managing sustainability-related risks and disclosures

METHODOLOGY


Interactive approach in sharing experience and knowledge, placing emphasis on discussions, and where relevant, learning points are illustrated through short case studies. By designing a programme that links to the relevant current topics, we aim to explain key elements of the sustainability reporting framework that would be of significance to the participants. Participants will also have the opportunity to work and discuss on practical exercise.
  • CC03 Corporate Governance
  • FUT10 Sustainability/SRI Analysis
  • BOL02 Strategic Thinking

DURATION OF MODULES


1/2 Day

Who Should Attend This Programme?


  • Board of Directors of Public Listed Companies (PLCs)
IFRS
TIME TOPICS LO
8.30 am Registration -
9.00 am Welcome and Introduction of the Speakers
9.10 am Understanding Sustainability Reporting
  • Definition and key concepts of sustainability reporting
  • Understanding the demand for increased disclosures and reporting
  • Benefits of sustainability reporting for businesses and stakeholders
  Overview of the Sustainability Reporting Landscape in Malaysia
  • Sustainability reporting standards and frameworks used in Malaysia, such as GRI Standards, IFRS Sustainability Disclosures Standards, SASB Standards, NSRF and the amendments to Bursa Malaysia’s listing requirements
Requirements of IFRS Sustainability Disclosure Standards (IFRS SDS)
  • The critical aspect of IFRS SDS, Materiality assessment under IFRS SDS
  • Core content disclosures requirements: Governance, Strategy, Risk management, Metrics and targets
LO1 and LO2
10.30 am Morning break
10.45 am Understanding the Role of the Board of Directors in Sustainability
  • Understanding the role of the Board of Directors in driving sustainability, including the reporting process under IFRS SDS
  • Role of the Board of Directors in sustainability from the lens of (non-exhaustive):
    • Malaysian Code on Corporate Governance (MCGG)
    • World Economic Forum Climate Governance
  Future Trends in Sustainability Reporting
  • Expectations on sustainability reporting, including use of technology
  • Integration with climate risk and net-zero commitments in sustainability reporting
  • Other upcoming trends: Nature/biodiversity and/or Human Rights
Sustainability Assurance Practices in Malaysia
  • Introduction to sustainability assurance standards, focusing on ISAE 3000, ISAE 3410 and the upcoming ISSA 5000
  • Concept of Limited assurance vs Reasonable Assurance in sustainability reporting
  • Role of the Board of Directors and management in assurance process
  Key Takeaways & Considerations
  • Recap and reflection on concepts learned
 
LO3 and LO4
1.15 pm End of Programme