Nepse organizes training on IFRS Sustainability Disclosure Standards

KATHMANDU: The Nepal Stock Exchange (Nepse), in partnership with the International Finance Corporation (IFC) and the European Union (EU), organized a two-day training on International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards.

Organized under the EU’s Accelerating Climate-Smart and Inclusive Infrastructure in South Asia (ACSIIS) initiative, the training aimed to promote the adoption of global sustainability standards in Nepal’s private sector.

A total of 40 participants from the real sector and over 50 representatives from banks and financial institutions participated in the training, according to a statement issued by Nepse.

The training focused on aligning Nepal’s corporate practices with the International Sustainability Standards Board (ISSB) standards, which are increasingly adopted globally, including in Bangladesh and Sri Lanka.

“Providing sustainability-related financial information alongside traditional reporting reassures investors that companies are managing risks and seizing opportunities for a sustainable future,” Niranjan Phuyal, Acting CEO of Nepse, said.

Similarly, Geertrui Louwagie, Deputy Head of Cooperation at the EU Delegation to Nepal, emphasized the importance of transparency in building trust and highlighted Nepal’s potential to leverage sustainable practices amid climate challenges.