African Development Bank Group Annual Meetings 2023
Other Events Information
African Development Bank Group Annual Meetings 2023 – (Side Event) Title: ‘IFRS Sustainability Disclosure Standards: better information to enable capital markets to support sustainable economic development in the African continent.’
WHAT: (Side Event) Title: ‘IFRS Sustainability Disclosure Standards: better information to enable capital markets to support sustainable economic development in the African continent.’
WHO: African Development Bank, International Sustainability Standards Board
WHEN: Friday, May 26th, 2023; TIME: 08:00-09:30 (local time)
WHERE: Dahab room, Sharm el Sheikh International Convention Center
The African Development Bank Group and International Sustainability Standards Board (ISSB)’s will hold a high-level dialogue on the urgent investor need for enhanced sustainability-related financial disclosure in the African region. Such disclosure can drive better investment decisions and contribute to the development of strong, African capital markets.
The new sustainability standards being developed by the ISSB will greatly contribute to supporting wider investor participation from the growing Environment, Social and Governance (ESG) global investor base, which today represents approximately 25% of the estimated $80 trillion in global institutional investor funds under management. This has significant potential to help bridge the financing gap in support of Africa’s climate transition and the achievement of the SDGs for 2030.
The event will raise awareness among key stakeholders in African jurisdictions of the benefits stemming from jurisdictional adoption of the ISSB Standards, considering regional requirements and jurisdictional roadmaps toward adoption, and discussing the capacity building efforts needed to ensure effective implementation.