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88 CA Sri Lanka Integrated Annual Report 2024

Cutting Edge Global Standards

Capacity Building
6 events were organized on Sustainability Disclosure Standards, including the localization of SLFRS S1 and S2, setting a benchmark
for sustainability reporting in Sri Lanka.

In February 2024, a session on “Integrating ESG in the Overall
Governance and Risk Management Framework” highlighted the
ESG Integration in importance of aligning ESG reporting with IFRS Sustainability Disclosure
Governance and Risk Standards S1 and S2. Key discussions focused on evolving corporate
Management governance under the ESG ‘G’ pillar, integrating ESG within enterprise
risk management, and utilizing GRI Standards to report sustainability
risks and opportunity

The stakeholder engagement session on March 14 brought together
Engaging industry experts, including Mr. Mark Manning, Principal Advisor on
Stakeholders Regulatory Affairs at the IFRS Foundation. This platform provided
for Sustainable valuable insights into SLFRS S1 and S2 implementation, strategies for
Reporting effective stakeholder engagement, and the integration of sustainability
principles into corporate reporting.

Mastering the A comprehensive four-day workshop series held on March 19, 21, 26,
New Sustainability and 28 provided practical insights into IFRS S1 and S2 applications.
Reporting The sessions combined theoretical frameworks with real-world
Standards examples to facilitate practical implementation.

Embedding On October 23, CA Sri Lanka hosted a session to mark the launch
Sustainability of SLFRS S1 and S2 standards. The event focused on integrating
into Corporate sustainability into organizational culture, followed by networking
Culture discussions and knowledge-sharing on best practices.

Strengthening In July, a dedicated session for CEOs and CFOs explored global
Leadership in sustainability trends, financial reporting challenges, and the leadership
Sustainability competencies required for effective sustainability reporting. This
Reporting initiative equipped corporate leaders with the expertise needed to
navigate evolving sustainability requirements.

Driving Change: The year concluded with a three-day workshop from November 20
Reducing Emissions to 22, addressing climate change, greenhouse gas emissions, and
for a Sustainable SLFRS S2 compliance. Participants gained essential knowledge to
Future develop sustainable operational frameworks.

Key Publications on Sustainability
E Sri Lanka Sustainability Disclosure Standards - SLFRS S1 & S2 (May 2024)

The Adoption of Sustainability Disclosure Standards in Sri Lanka offered clear guidance on IFRS S1
and S2 compliance

E IFRS Sustainability Disclosure Taxonomy 2024)
E Sustainability-related risks and opportunities and the disclosure of material information
(November 2024)