ACCA welcomes the opportunity to contribute its views in response to ICPAR’s request for comments on the Rwandan Adoption Roadmap for IFRS Sustainability Disclosure Standards. We commend ICPAR for its leadership and commitment to adopting these standards, a significant step toward enhancing transparency and sustainability reporting in Rwanda. This consultation response further underscores ACCA’s commitment to supporting ICPAR in the effective implementation of sustainability disclosure standards.

ACCA has consistently championed a global approach to sustainability disclosure standards and fully supports the International Sustainability Standards Board (ISSB) in establishing a consistent and comparable global baseline for sustainability reporting.

We encourage jurisdictions to build upon IFRS Sustainability Disclosure Standards by integrating them with regional reporting frameworks or guidelines, in ensuring that they meet the specific needs of regulators, investors, and other key stakeholders while maintaining compatibility and interoperability.

We also support a phased approach to jurisdictional adoption, as it allows for the proportionality mechanisms embedded within the ISSB framework to be effectively applied. However, it is important to ensure that the phasing process remains clear and practical, as overly complex phasing structures could be counterproductive, increasing the burden of stakeholder education, monitoring, and enforcement efforts.

To read the response in full, please download the consultation response document found on this page.