ACCA is pleased to receive this opportunity to provide its views in response to ICPAK’s request for comments on the Roadmap for Adoption of IFRS Sustainability Disclosure Standards in Kenya. We commend ICPAK for its initiative in committing to adopt the standards. This consultation response further highlights ACCA’s commitment to supporting ICPAK in implementing sustainability standards in Kenya.
ACCA has consistently advocated for a global approach to the development of sustainability disclosure standards, and we fully support the role of the International Sustainability Standards Board (ISSB) in setting a consistent and comparable global baseline to sustainability reporting around the world.
In creating reporting standards, it is vital to ensure that the reporting fosters the required systemic or operational changes and that investors leverage these disclosures to allocate capital more effectively and responsibly. We believe that the broad adoption of integrated thinking is key to this. Therefore, we encourage jurisdictions to build on the IFRS Sustainability Disclosure Standards (ISSB standards) applying, as required, an additive approach, rather than fundamentally amending the baseline provided by the ISSB. This additive approach could include adapting regional for reporting frameworks or guidelines to address the specific needs of regulators, investors, and other key stakeholders, while ensuring compatibility and interoperability.
To read the response in full, please download the consultation document found on this page.
