EVENTS

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ACMF – ISSB Joint Conference and Technical Training on the IFRS Sustainability Disclosure Standards Agenda

Day 1 (27 Jun) – Plenary Sessions
GMT+8 DAY 1 -27 June 2023 Speakers

9:00am-9:15am
  • Opening remarks by OJK as ACMF Chair
  • Inarno Djajadi, Chief Executive of Capital Market, Financial Derivatives , and Carbon Exchange Supervision, Member of the Board of Commissioners, Indonesia Financial Services Authority (Ororitas Jasa Keuangan – OJK), and ACMF Chair

9:15am-9:45am

Fireside chat

  • Chat with ISSB Vice-Chair to cover:
    • Overview of ISSB set up and process leading up to the launch of final standards
    • ISSB efforts to support jurisdictional adoption of ISSB Standards
  • Abigail Ng, Executive Director and Head of Department, Markets Policy & Infrastructure, Monetary Authority of Singapore (MAS)

  • Jingdong Hua, Vice-Chair, International Sustainability Standards Board (ISSB)

9:45am – 10:30am

Part 1 – ISSB Presentation 

  • Presentation on:
    • Final S1 and S2 standards and reliefs to support adoption
    • Key themes raised during consultationKey themes raised during consultation

  • Q&A
  • Jingdong Hua, Vice-Chair, ISSB
  • Jonathan Bravo, Director of Regulatory Affairs EMEA and Asia, IFRS Foundation

10:30am –10:45am

Morning Break

10:45am – 12:00pm

Panel 1: Creating a global baseline for sustainability reporting – are we ready and why must we? 

  • Discussion on:
    • Importance of facilitating “just” transition and the role disclosures play
    • Stock-take of the region’s sustainability reporting regimes in ASEAN; and
    • Opportunities & challenges for emerging markets in adopting ISSB standards, potential approaches and mechanisms to support the process.
  • Q&A 

Moderator:

  • Eugene Wong, CEO, Sustainable Finance Institute Asia (SFIA)


Panellists:

  • Azalina Adham, Managing Director, Securities Commission Malaysia
  • Novira Indrianingrum, Head of Issuer and Public Company Supervision Department, OJK
  • Bong Yap Kim, Senior Technical Director (Sustainability Reporting Office), Accounting and Corporate Regulatory Authority (ACRA), Singapore
  • Rhodora M. Brazil-De Vera Deputy Director, Supervisory Policy and Research Department (SPRD), Financial Supervision Sector, Bangko Sentral ng Pilipinas (BSP)

12:00pm – 1:00pm

Lunch

1:00pm – 1:15pm

Remarks to open afternoon session
  • Abigail Ng, Executive Director and Head of Department, Markets Policy & Infrastructure, MAS

1:15pm – 1:45pm

Fireside chat with GRI and ISSB

  • Discussion on interoperability
  • Q&A

Moderator:

  • Eugene Wong, CEO, SFIA

Panellists:

  • Jingdong Hua, Vice-Chair, ISSB
  • Allinnettes Go Adigue, Head, ASEAN Regional Hub, Global Reporting Initiative (GRI)

1:45pm – 2:45pm

Panel 2

  • Discussion  on:
    • Benefits of using ISSB standards
    • Implementation challenges and next steps for preparers
    • How investors can work with preparers to improve sustainability reporting
  • Q&A

Moderator:

  • Nithawan Jarernporn, Partner, Strategy & Transactions, Ernst & Young Thailand

 

Panellists:

  • Eric Lim, Chief Sustainability Officer, United Overseas Bank (UOB)
  • Maria Victoria A. Tan, Group Head, Enterprise Risk Management and Sustainability Unit, Ayala Corporation
  • Nguyen Trung Anh, R&D cum SD director of The PAN Group, and Board Member of PAN-HULIC
  • Ou Yong Xuan Sheng, Green Bonds & ESG Analyst, BNP Paribas Asset Management

2:45pm – 3:00 pm
Afternoon Break

3:00pm – 3.45pm

Part 2 – ISSB Presentation

  • Presentation on complementary strands of work:
    • Capacity building plans (main focus)
    • Digital taxonomy, integrated reporting and SASB Standards
    • Future priorities
    • Capturing feedback and requests
  • Q&A
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation

3:45pm – 4:45pm

Panel 3: The Role of High-Quality Assurance in Supporting the Reliability of Sustainability-Related Disclosures – The Journey Towards the Establishment of a Global Framework, Timelines and Challenges

  • Discussion on:
    • Work on assurance of sustainability-related disclosures and related capacity building efforts to ensure upskill in capabilities that support globally high quality and consistent assurance.
  • Q&A

Moderator:

  • Jonathan Bravo, Director of Regulatory Affairs EMEA and Asia, IFRS Foundation


Panelists:

  • Chun Wee Chiew, Regional Policy Lead, Asia Pacific, Association of Chartered Certified Accountants (ACCA) and Board member of the International Auditing and Assurance Standards Board (IAASB)
  • Geoff Kwan, Director, International Ethics Standards Board for Accountants (IESBA)
  • Tran Thi Thuy Ngoc, Sustainability Climate Service Leader and Deputy CEO, Deloitte Vietnam, and ESG Advisor to the Vietnam Institute of Directors (VIOD)

4:45pm – 5:00pm

Closing remarks by ISSB Vice-Chair and ACMF Chair
  • Jingdong Hua, Vice-Chair, ISSB
  • Inarno Djajadi, Chief Executive of Capital Market, Financial Derivatives , and Carbon Exchange Supervision, Member of the Board of Commissioners, Indonesia Financial Services Authority (Ororitas Jasa Keuangan – OJK), and ACMF Chair
Day 2 (28 Jun) – Technical Training Sessions
Technical Training Workshop A for Regulators
Time : 9:00am – 1:00pm (includes lunch from 12:00pm – 1:00pm)
Venue : MAS Building, Penthouse A, Level 30, 10 Shenton Way, Singapore 079117
GMT +8 DAY 2 – 28 June 2023 Speakers

9:00am – 9:10am

Introduction and opening remarks
  • Abigail Ng, Executive Director and Head of Department, Markets Policy & Infrastructure, Monetary Authority of Singapore (MAS)
  • Jingdong Hua, ISSB Vice-chair

9:10am – 9:20am

IOSCO’s potential endorsement of ISSB standards

  • Overview of IOSCO’s endorsement process
  • Jeanne Stampe, Deputy Director & Specialist Leader (Sustainable Finance Disclosures), Monetary Authority of Singapore

9:20am – 9:45am

Deeper dive and technical discussion on ISSB standards

  • Overview of the general requirements (IFRS S1) and the application of these requirements for climate-related risk and opportunities (IFRS S2)
  • Deep dive on select aspects of ISSB standards (e.g. strategy, governance)
  • Transitional relief
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

9:45am – 10:00am

Q&A
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

10:00am – 10:40am

Breakout session : Climate Risk Card game exercise

  • Participants will play a simulation game to understand how company’s might identify, prioritise and manage climate-related risks
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

10:40am – 10:50am

Coffee Break 
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

10:50am – 11:25am

Breakout session (cont’d)

  • Debrief on card game exercise
  • Risk disclosure review – looking at disclosures to understand what current practice looks like
  • Reflect on role of regulators in adoption and to enable disclosure of sustainability-related financial information to investors
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

11:25am – 11:55am

Q&A
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

11:55am – 12:00pm

Wrap up
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

12:00pm – 1:00pm

Lunch
Technical Training Workshop B for Corporates
Time : 4:00pm – 6:30pm
Venue : SGX Auditorium, SGX Centre 2 Shenton Way, Singapore 068804
GMT +8 DAY 2 – 28 June 2023 Speakers

3:30pm – 4:00pm

Registration (in-person and virtual attendees)

4:00pm – 4:10pm

Opening remarks
  • Tan Boon Gin, CEO, SGX RegCo
  • Abigail Ng, Executive Director and Head of Department, Markets Policy & Infrastructure, Monetary Authority of Singapore (MAS)

4:10pm – 4:15pm

Introductions and overview of session agenda
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

4:15pm – 4:20pm

Familiarization with Slido Q&A system
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

4:20pm – 4:30pm

Understanding ISSB S1: General Requirements for Sustainability-related Financial Disclosure

Key concepts in IFRS S1, including:

  • Identifying risks and opportunities
  • Materiality
  • Connectivity
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

4:30pm –  4:45pm

Q&A session on S1
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

4:45pm – 5:00pm

Understanding ISSB S2: Climate-related disclosures

Requirements in IFRS S2, including:

  • Transition plans
  • Scenario analysis
  • GHG emissions
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

5:00pm – 5:10pm

Climate-related risk (activity)

  • Interactive game for participants to consider how to identify climate-related risks taking into consideration the concentration of risks within the value chain
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

5:10pm – 5:25pm

Bringing disclosures to life

Examples of disclosure practice

  • Explore the application of TCFD recommendations* in real examples
  • Seek feedback from participants on effectiveness of practices reflected in extracts

*as there are currently no examples of S1 or S2 disclosures, this section will consider application of the TCFD recommendations when disclosing information about climate-related risks and opportunities.
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

5:25pm – 5:40pm

Q&A session on S2
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

5:40pm – 6:00pm

Coffee Break

6:00pm – 6:25pm

Bringing disclosures to life

Experience with TCFD disclosures

Panel discussion with companies about their experience with preparing TCFD disclosures, including overcoming challenges associated with:

  • internal controls and governance
  • systems and processes
  • identifying risks and opportunities
  • Jarlath Molloy, Director of Strategic Affairs, IFRS Foundation
  • Gemma Clements, ISSB Technical Fellow, IFRS Foundation

For Experience with TCFD disclosures segment:

  • Lee Hui Mien, Singtel
  • Timothy Tan, SGX Group
  • Stephanie Chua, City Developments Limited
  • Vickie Tan, Ayala Corporation

6:25pm – 6:30pm

Next steps

  • What is next for the ISSB?

6:30pm

End of workshop

Speakers Bio

Mr. Inarno Djajadi
Chief Executive of Capital Market, Financial Derivatives, and Carbon Exchange Supervision Member of the Board of Commissioners Indonesia Financial Services Authority (Otoritas Jasa Keuangan - OJK)
Ms. Abigail Ng
Executive Director and Head of Department, Markets Policy & Infrastructure Department, Monetary Authority of Singapore (MAS)
Mr. Jingdong Hua
Vice-Chair, International Sustainability Standards Board
Mr. Jonathan Bravo
Director of Regulatory Affairs EMEA and Asia, IFRS Foundation
Mr. Eugene Wong
Chief Executive Officer, Sustainable Finance Institute Asia (SFIA)
Ms. Azalina Adham
Managing Director, Securities Commission Malaysia (SCM)
Ms. Novira Indrianingrum
Head of Capital Market Supervision Department, Indonesia Financial Services Authority Otoritas Jasa Keuangan (OJK)
Ms. Bong Yap Kim
Senior Technical Director (Sustainability Reporting Office), Accounting and Corporate Regulatory Authority (ACRA)
Ms. Rhodora M. Brazil-De Vera
Deputy Director, Supervisory Policy and Research Department (SPRD), Financial Supervision Sector, Bangko Sentral ng Pilipinas (BSP)
Dr. Allinnettes Go Adigue
Head, ASEAN Regional Hub, Global Reporting Initiative (GRI)
Ms. Nithawan Jarernporn
Partner, Ernst and Young (EY), Thailand
Mr. Eric Lim
Chief Sustainability Officer, United Overseas Bank (UOB)
Ms. Ma. Victoria A. Tan
Group Head, Enterprise Risk Management and Sustainability Unit, Ayala Corporation
Dr. Nguyen Trung Anh
R&D cum SD director of The PAN Group, and Board member of PAN-HULIC
Mr. OU YONG Xuan Sheng
Green Bond and ESG Analyst, BNP Paribas Asset Management
Dr. Jarlath Molloy
Director of Strategic Affairs, IFRS Foundation
Mr. Chun Wee Chiew
Regional Policy Lead, Asia Pacific, Association of Chartered Certified Accountants (ACCA) and Board member of the International Auditing and Assurance Standards Board (IAASB)
Mr. Geoff Kwan
Director, International Ethics Standards Board for Accountants (IESBA)
Mrs. Tran Thi Thuy Ngoc
Deputy CEO, Deloitte Vietnam
Ms. Gemma Clements
ISSB Technical Fellow, IFRS Foundation