FSD Africa, in partnership with the Pan-African Federation of Accountants (PAFA), Institute of Chartered Accountants, Ghana (ICAG), and the Financial Reporting Council (FRC), Nigeria is launching a strategic initiative to support countries that have made the decision to adopt IFRS Sustainability Disclosure Standards. This project aims to build capacity for effective implementation of these standards. The initiative addresses several key objectives:

• Supporting the effective implementation of IFRS S1 and IFRS S2 in countries that have chosen to adopt these standards;
• Building local capacity to apply international sustainability reporting standards in alignment with national regulatory frameworks;
• Enhancing the consistency and comparability of sustainability reporting across African capital markets; and
• Strengthening the ability of African companies to attract global investment through improved sustainability disclosures.

The project aims to create a model for effective adoption and implementation that can be adapted for other African countries as they choose to adopt these standards.  Separate capacity building initiatives to support IFRS S1 and S2 adoption will be rolled out in Ghana and Nigeria.

Bidders are advised to review the clarifications document for responses to queries raised during the bidding process. Click here to download.