13 November 2024

Over 12,000 trained since launch of UN SSE, IFRS Foundation, IFC capacity building program

On the occasion of COP29, the UN SSE, the IFRS Foundation and the IFC celebrate the one year mark since the start of their joint capacity building program on climate disclosure. Since the launch 1 year ago, the organizations have trained over 12,000 market participants around the world.

On the occasion of COP29, the United Nation climate conference, the UN SSE, the IFRS Foundation and the IFC celebrate the one year mark since the start of their joint capacity building program on climate disclosure. Since the launch of this joint capacity-building program 1 year ago, the organizations have trained over 12,000 market participants around the world. The joint capacity building program leverages the global reach of the UN SSE’s network of stock exchanges, the IFC’s local offices and local expertise, combined with the IFRS Foundation’s authoritative knowledge of their standards.

“Building awareness, understanding and capacity for the implementation of the IFRS Sustainability Disclosure Standards is crucial to enabling capital markets to understand how sustainability-related risks and opportunities effect the performance and prospects of companies. Our thanks to the UN SSE and IFC for their leadership and partnership which has enabled us to provide training to market participants across the globe,” said Jingdong Hua, ISSB Vice-Chair. 

“This program is a critical step in the practical adoption of the IFRS Sustainability Disclosure Standards, helping to accelerate their implementation across global markets. Our joint training program builds the much-needed capacity to facilitate the use of these standards by thousands of companies around the world. We applaud the support of SSE Partner Exchanges worldwide who have hosted this training for their market participants,” said Mr. Anthony Miller, Chief Coordinator, UN SSE. “This collaborative effort exemplifies our commitment to enhancing global capacity for investment in sustainable development.” added Mr. Miller.

"Corporate governance and adequate sustainability reporting play a crucial role in driving sustainability and climate action. By aligning with global standards and enhancing disclosure and transparency, companies can effectively manage climate risks and opportunities, attract investment, and contribute to a low-carbon future. Through IFC’s capacity-building programs and partnerships with the UN Sustainable Stock Exchanges Initiative and the IFRS Foundation, IFC is helping companies to improve their governance practices and enhance climate disclosure. This enables corporate leadership to make better informed decisions and drive positive change in emerging markets. IFC extends our sincere gratitude to our partners for their collaboration,” said Charles Canfield, Manager, Corporate Governance, International Finance Corporation.

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