Emmanuel Faber Engages African Leaders on ISSB Standards

Emmanuel Faber Engages African Leaders on ISSB Standards

Summary:

  • Emmanuel Faber, Chair of the ISSB, met with leaders and officials in Kenya, Nigeria, and South Africa to discuss adoption of ISSB standards, emphasizing their importance in supporting resilient economies and meeting decarbonization objectives.

The Chair of the International Sustainability Standards Board (ISSB), Emmanuel Faber, held meetings with the leaders of Kenya and Nigeria, along with government officials in South Africa. Accompanying him was ISSB member Ndidi Nnoli-Edozien.

In Kenya, discussions were held with President William Ruto, emphasizing the African region’s significance in shaping and implementing ISSB initiatives. The Institute of Certified Public Accountants of Kenya (ICPAK) has expressed its intent to adopt ISSB standards.

In Nigeria, President Bola Ahmed Tinubu reiterated Nigeria’s commitment to adopting ISSB standards.

In South Africa, ISSB representatives, alongside IFRS Foundation Trustee Suresh Kana, engaged with Deputy Finance Minister David Masondo, as well as representatives from the Johannesburg Stock Exchange, the Institute of Directors South Africa, and the Integrated Reporting Committee of South Africa. Talks centered on the ISSB Standards’ role in bolstering resilient economies and aiding companies in communicating their adherence to South African decarbonization and transition objectives to investors.