CTI Sustainability and Climate-Related Financial Disclosure Course - Australia
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CTI Sustainability and Climate-Related Financial Disclosure Course

CTI Sustainability and Climate-Related Financial Disclosure Course

AUD $1,210.00 (Includes GST)

This course is tailored for senior and middle management employees, professionals, and other personnel whose roles will be impacted by the new ISSB standards. It is ideal for participants seeking to understand and integrate these regulations into their operational processes, enhancing decision-making and transparency in financial markets.

This is an in-person course that will be run in Parramatta. Limit of 12 attendees.

Need a specific date not shown below or have questions about this course? Reach out and we can schedule a course for your group.

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Description

Introduction

In July 2023, the International Financial Reporting Standards (IFRS) Foundation, through its International Sustainability Standards Board (ISSB), introduced new sustainability and climate-related financial disclosure standards. These standards aim to establish a consistent global baseline for corporate reporting on environmental and social externalities throughout the value chain.

The global reporting landscape has fundamentally changed, placing significant responsibilities on larger organizations to demonstrate their commitment to sustainability. While reporting obligations vary by country, the ISSB standards underpin many regional reporting frameworks and are being adopted over varying timeframes. Ultimately, these rules will affect all trading organizations globally.

Who Is This Course For?

This course is tailored for senior and middle management employees, professionals, and other personnel whose roles will be impacted by the new ISSB standards. It is ideal for participants seeking to understand and integrate these regulations into their operational processes, enhancing decision-making and transparency in financial markets.

Australia’s proposed adoption of ISSB Standards

Australia is currently in the process of developing the Australian Sustainability Reporting Standards (“ASRS”) which are based on IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, to be called ASRS 1 General Requirements for Disclosure of Climate-related Financial Information and ISSB S2 Climate-related Disclosures to be called ASRS 2 Climate-related Financial Disclosures.

It is anticipated that the ARS Standards will be released in the second d half of 2024.

The table shows the proposed (but yet to be confirmed) introduction timetable for Chapter 2M companies in Australia:

ISSB Standards
TimingReporting Entities
Group 1 (2024-25 onwards)Entities required to report under Chapter 2M of the Corporations Act and that fulfill two of the three thresholds:

- Has over 500 employees;
- The Value of consolidated gross assets at the end of the financial year of the company and any entities it controls is $1 billion or more;
- The consolidated revenue for the financial year of the company and any entities it controls is $500 million or more.

AND
Entities required to report under Chapter 2M of the Corporations Act that are a 'controlling corporation' under the NGER Act and meet the NGER publication threshold.
Group 2 (2026-27 onwards)Entities required to report under Chapter 2M of the Corporations Act and that fulfill two of the three thresholds:

- Has over 250 employees;
- The value of consolidated gross assets at the end of the financial year of the company and any entities it controls is $500 million or more;
- The consolidated revenue for the financial year of the company and any entities it controls is $200 million or more.

AND
Entities required to report under Chapter 2M of the Corporations Act that are a 'controlling corporation' under the NGER Act and meet the NGER publication threshold.
Group 3 (2027-28 onwards)
Entities required to report under Chapter 2M of the Corporations Act and that fulfill two of the three thresholds:

- has over 100 employees;
- The value of consolidated gross assets at the end of the financial year of the company and any entities it controls is $25 million or more.
- The consolidated revenue for the financial year of the company and any entities it controls is $50 million or more.

AND
Entities required to report under Chapter 2M of the Corporations Act that are a 'controlling corporation' under the NGER ACT.

What You Will Learn

In addition to providing a comprehensive academic understanding of the new rules, the course offers practical guidance on how to implement and meet financial disclosure requirements effectively i.e what eligible corporations have to do.

  • Development of ESG Reporting: Overview of the evolution of Environmental, Social, and Governance (ESG) practices.
  • Drivers of the Evolution of the Rules: Examination of factors influencing disclosure requirements.
  • Understanding the Structure of the Rules: Insights into the framework of the new standards.
  • Exploration of IFRS S1 & S2: Analysis of the standards and their implications for financial reporting.
  • Related ISSB Documents & SASB Guidance: Integration with SASB guidelines.
  • TFND and Other Sustainability Disclosure Standards: Overview of the Task Force on Nature-related Financial Disclosures (TFND).
  • GHG Protocol Accounting Standards: Basics of carbon accounting and the need for carbon accounting systems.
  • Value Chain Implications: Engaging with supply chains and customers under the new rules.
  • Risk Assessment and Scenario Analysis: Techniques for evaluating risks and scenarios.
  • IFRS Taxonomy and Financial Disclosure Alignment: Aligning ISSB taxonomy with financial reporting requirements.
  • ASRS application: Aligning the proposed ASRS requirements with the baseline IFRS Standards requirements.
  • Implications of Greenwashing in Financial Reporting: Addressing the risks of misleading environmental claims.

Additional Skills Covered:

  • Application of taxonomy in data recording processes
  • Conducting a disclosure health checklist
  • Performing climate-related risk assessments

Certification

Participants will receive a Certificate of Completion upon finishing the course, signifying a comprehensive understanding of the new standards and equipping them to lead sustainability initiatives.

Course Materials

  • Learner Guide
  • Workbook
  • Video Tutorials with Examples
  • Reference Notes

This course is an essential resource for those looking to enhance their expertise in sustainability and climate-related financial disclosures, helping organizations achieve both environmental and financial sustainability goals.

Course Materials

This course is run on demand. Please register your interest

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