The South Pacific Stock Exchange (SPX), in partnership with the United Nations Sustainable Stock Exchanges (UN SSE), is taking a significant step forward by launching its first technical training initiative since becoming part of this global network. The training, which will take place next month, is dedicated to covering the new International Financial Reporting Standards (IFRS) sustainability disclosure standards, specifically IFRS S1 and IFRS S2. This initiative underscores SPX’s commitment to enhancing sustainable reporting in Fiji’s capital markets, aligning with the global shift toward sustainable finance.
This training will be accessible to a wide array of stakeholders, including SPX-listed companies, private entities using full IFRS, financial institutions, regulatory bodies, standard-setting organizations, and advisory firms. Professionals in governance, finance, risk, and sustainability sectors are especially encouraged to participate. The timing is crucial, coming months after the Fiji Institute of Chartered Accountants deferred the adoption of these standards to January 1, 2026.
Participants can expect interactive sessions and a live Q&A with the experts who played a role in developing these standards. This engagement is designed to offer practical insights to help align sustainability disclosure practices with global benchmarks, a vital step towards enhancing transparency and building investor trust.
SPX Chief Executive Sheraj Obeyesekere highlights this training as an early demonstration of SPX’s dedication under the UN SSE initiative, aiming to build technical capabilities and fortify Fiji’s capital markets. He insists that this effort is critical for equipping boards, executives, and finance teams with the necessary skills to meet impending reporting demands.
In the broader context, SPX’s recent activities, such as joining the UN SSE and collaborating with the Fiji Institute of Chartered Accountants, reinforce its ongoing efforts to integrate sustainability into financial practices. These efforts are significant given the Pacific region’s vulnerability to climate change, positioning sustainability as a key strategy for resilience and economic growth. By focusing on these standards, SPX and its partners are enhancing the local financial environment and positioning Fiji as an active participant in the international sustainability discourse.
Overall, these developments point to a promising future for SPX and Fiji’s capital markets, indicating a strong commitment to embedding sustainability in finance and fostering a robust, globally-aligned financial marketplace. This initiative not only enhances the profile of SPX within global financial networks but also signifies Fiji’s emergence as a meaningful player in the realm of sustainability and responsible investment practices.
Leave a comment