Sustainability Reporting and PFM (South Rift Branch)

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)

Sustainability Reporting and PFM (South Rift Branch)
Theme: Integrating Sustainability Reporting and Public Financial Management for a Sustainable Future
Date: 7th – 8th August 2025
Venue: The Willis Hotel, Bomet
Time: 09.00am-03.30pm

Overview

Sustainability Reporting and Public Financial Management (PFM) intersect to enhance transparency, accountability, and progress toward sustainable development goals (SDGs). Established frameworks such as the Global Reporting Initiative (GRI), the International Sustainability Standards Board (ISSB), the Task Force on Climate-related Financial Disclosures (TCFD), and Integrated Reporting provide structured guidelines for organizations to disclose their Environmental, Social, and Governance (ESG) performance. These frameworks enable stakeholders to evaluate an organization’s sustainability efforts while ensuring that both financial and non-financial factors are considered in decision-making. By incorporating ESG indicators, sustainability reporting boosts investor confidence, strengthens stakeholder engagement, and aligns business strategies with global sustainability objectives, including climate action and social responsibility.

While sustainability reporting focuses on assessing and disclosing ESG performance, PFM ensures that public resources are utilized efficiently and fairly. Together, these approaches help governments and organizations tackle global issues such as climate change, economic disparities, and social development by embedding sustainability principles into financial systems. PFM plays a crucial role in advancing sustainability reporting by effectively mobilizing and managing public funds for climate adaptation and mitigation efforts. Climate finance allows governments to allocate resources toward sustainability-focused initiatives, while key principles such as accountability, transparency, and fiscal discipline ensure the integration of sustainability into budgeting, expenditure, and reporting processes. Supreme audit institutions further contribute by assessing the effectiveness of public spending on environmental and social programs. Additionally, digital transformation in PFM enhances sustainability tracking by leveraging data analytics, automation, and real-time reporting, enabling more informed decision-making and efficient resource allocation.

Incorporating sustainability into PFM involves adopting innovative strategies such as green budgeting, which directs funding toward climate-friendly initiatives. Climate finance plays a critical role in securing resources to address climate change, while performance-based budgeting ensures public expenditures yield measurable results. Participatory budgeting fosters inclusivity by allowing citizens to contribute to resource allocation decisions, and strong public sector governance establishes the necessary structures for implementing these sustainability-driven financial practices.

The integration of sustainability reporting and PFM unlocks opportunities for technological and strategic innovation. Digital tools improve data collection, enhance reporting accuracy, and optimize the efficiency of public financial systems. Embedding sustainability risks, such as those related to climate change, into financial management strengthens resilience and promotes long-term planning. Additionally, capacity-building initiatives and policy development are essential in institutionalizing sustainability across all levels of governance.

Ultimately, aligning sustainability reporting with PFM provides a transformative pathway to tackling global challenges. By synchronizing fiscal policies with sustainability objectives, governments and organizations can drive meaningful progress toward a more inclusive and sustainable future. The adoption of well-established frameworks, advanced technological solutions, and inclusive financial practices ensure responsible resource management, maximizing positive environmental and societal impacts. The workshop will highlight these key areas:

1. Introduction to IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information
• The Need for Sustainability Reporting
• Objective of IFRS S1
• Adoption Phases in Kenya
• Scoping and Gap Analysis
• Disclosure Requirements and Best Practices
2. IFRS S2: Climate-related Disclosures
• Risk Management
• Metrics and Targets
• Core Disclosure Requirements
• Governance and Strategy Integration
• Climate Risk Identification and Management
3. IFRS S2: GHG Emissions
• Introduction to GHG Emissions under IFRS S2
• GHG Emission Key Concepts and Terminology
• Climate-Related Financial Risks Linked to GHG Emissions
• GHG Measurement and Disclosure Requirements
• Metrics and Targets for Climate Performance
• Green Budgeting and Alignment with Climate Goals
4. Principles of Public Financial Management – Overview of accountability, transparency, and fiscal discipline.
5. The Budget making process in Kenya- County and National Budget
6. Performance-Based Budgeting and Results-Oriented PFM
7. Integrating performance indicators to track efficiency in public spending
8. Challenges of moving from a line-item budgeting approach to performance-based budgeting
9. Strengthening Governance through PFM Reforms
10. Efficient Resource Allocation through PFM
11. Implementation of the single treasury account – Implications to the Public Sector

Target Audience: 
This webinar will be useful to all professional Accountants and those aspiring to join the profession, Sustainability & ESG Professionals, Regulatory Bodies & Standard Setters, Development Organizations & Donor Agencies.

Continuous Professional Development Units (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 14 Structured CPD Units upon successfully completion of the seminar.

Financial Commitment:
The workshop charges are Kes. 10,000. Charges will cater for the seminar  fees, learning materials, and e-certificates of attendance.

Online Booking:
Registration: Delegates are reminded to note that online booking for the seminar is mandatory on https://www5.icpak.com/event-registration/Online Booking We call on workshop participants to note that booking is available only online at www.icpak.com and will close one day before the training session. Delegates are reminded to note that online booking for the training is mandatory.

National Industrial Training Authority (NITA) Reimbursement:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke).

Further requests can be channeled to us via telephone calls on, +254 719 074 100,  or via email to Patrick Kipkurui    at patrick.kipkurui@www5.icpak.com with a copy to memberservices@www5.icpak.com

We encourage members to regularly visit our website https://www5.icpak.com for updates.