The Institute of Chartered Accountants of Zimbabwe (ICAZ) has announced a partnership with Bright Africa Consultancy Training to introduce a three-month course on environmental, social, and governance (ESG) reporting.
This initiative comes as investors worldwide are showing a preference for companies that actively implement ESG practices, reported NewsDay Business.
As capital within Zimbabwe becomes scarce, local businesses are recognising the necessity to adopt ESG policies, the institute notes.
ICAZ education manager Hope Mhindu said: “ICAZ has partnered Bight Africa to offer a three-month ESG course designed for professionals who are seeking to enhance their understanding of sustainability and ESG reporting.”
“This course will cover key topics such as ESG Reporting Framework and Standards Concepts, the International Sustainability Standards Board, Global Reporting Initiative, Sustainability Accounting Standards Board, and Task Force on Climate-related Financial Disclosures, Sustainability Strategy and Reporting Processes.”
ICAZ aims to assist organisations in their transition towards integrated ESG reporting that adheres to international standards.
The institute is actively promoting a global ESG framework through educational initiatives, including certification courses and webinars, to enhance capabilities across various sectors.
In collaboration with Training and Advisory Services, ICAZ is also providing training on the International Financial Reporting Standards Sustainability (IFRS S), part of the IFRS Foundation’s sustainability standards.
This aims to equip professionals with the knowledge required to navigate the landscape of sustainability reporting.
ICAZ has discussed two ongoing initiatives to establish a foundation for sustainability reporting within Zimbabwe.
The institute noted that by the year 2025, the importance of sustainability reporting will have increased, necessitating frameworks to guide companies in this field.
