ESG - IFRS Financial Management

Day 1: Introduction to ESG and IFRS in Financial Management

• Overview of ESG principles: Environmental, Social, and Governance.

• The growing importance of ESG in financial decision-making.

• The role of ESG in financial management and corporate strategy.

• Introduction to IFRS and its framework for financial reporting.

• Key standards in IFRS related to ESG disclosures (e.g., IFRS 9, IFRS 16, and IFRS 7).

• ESG-related reporting requirements under IFRS and other global standards.

• Practical exercise: Mapping out the impact of ESG factors on financial statements.

Day 2: Integrating ESG Factors into Financial Decision-Making

• ESG risk assessment and its financial implications.

• Identifying ESG opportunities and their potential for creating value.

• Developing ESG metrics and performance indicators aligned with financial goals.

• How ESG factors affect financial reporting: Revenue recognition, risk provisioning, and asset valuation.

• Aligning corporate governance structures with ESG considerations.

• Introduction to integrated reporting: Combining ESG and financial data.

• Practical exercise: Analyzing a company’s financial performance with ESG factors incorporated.

Day 3: ESG Reporting and Compliance with IFRS

• Detailed look at ESG disclosures under IFRS: IFRS 7, IFRS 9, and IFRS 16.

• The role of sustainability reporting frameworks: GRI, SASB, TCFD.

• Best practices for ESG financial reporting: Materiality, accuracy, and transparency.

• Ensuring compliance with IFRS for ESG disclosures.

• Understanding the evolving global regulatory landscape for ESG.

• The role of auditors in ESG-related financial reporting.

• Practical exercise: Creating ESG financial statements with IFRS-compliant disclosures.

Day 4: Measuring and Communicating ESG Performance

• Metrics for measuring ESG performance: Environmental impact, social initiatives, and governance practices.

• How to communicate ESG performance to stakeholders, investors, and regulators.

• The role of non-financial reporting in shareholder communication.

• Financial implications of poor ESG performance and its effect on company valuation.

• Leveraging ESG performance for strategic advantage: Investor relations and corporate reputation.

• Understanding the link between ESG and long-term financial performance.

• Practical exercise: Developing a comprehensive ESG performance report for a company.

Day 5: Strategic Management of ESG Risks and Opportunities

• Managing ESG-related risks in financial strategy and operations.

• Integrating ESG factors into financial forecasting, budgeting, and capital planning.

• Sustainability strategies for creating financial value through responsible resource management.

• Case studies: Successful integration of ESG factors into financial management.

• Practical strategies for aligning organizational culture with ESG principles.

• Preparing for future ESG regulations and reporting requirements.