Communities of Practice Events
February 2023 saw the delivery of the first two International Sustainable Finance Centre of Excellence Communities of Practice gatherings. The first, the ‘Sustainable Finance Reporting and Disclosures’ group was formed to help finance professionals navigate the reporting landscape, including regulatory changes from an EU perspective. We were delighted to welcome Policy and External Affairs Director with International Financial Reporting Standards (IFRS) Mihály Zimonyi to discuss regulatory convergence as well as the upcoming ISSB standards.
The second of the month’s sessions centred on the ‘Net-Zero Transition’ with guest speaker Sarah Ní Ruairc from the Department of the Environment, Climate and Communications, who spoke on the government’s Climate Action Plan 2023. The Climate Action Plan 2023 is the first to be prepared under the Climate Action and Low Carbon Development (Amendment) Act 2021 and follows the introduction of economy-wide carbon budgets and sectoral emissions ceilings in 2022.
Supported by Skillnet Ireland, the establishment of Communities of Practice are key actions from the ‘Industry Readiness’ pillar from Irelands Sustainable Finance Roadmap.
In the coming months, the Communities of Practice sessions will focus on topics (as selected by members) including Target Setting and KPIs, Stress Testing, SFDR and CSRD. The groups will also have the opportunity to contribute to key research pieces and the development of courses relating to these topics.