New ESG-focused license from SAIBA & Regenesys is essential for financial executives ready to drive the climate agenda

Nicolaas van Wyk SAIBA CEO.

The South African Institute of Business Accountants (SAIBA) and the Regenesys Business School have teamed up to prepare a license to help finance executives and accountants understand the nature and monitoring of climate risks, climate litigation, climate reporting and disclosure aspects.

The rapidly changing legal and regulatory landscape

The outcomes of recent climate conferences such as the 2021 United Nations Climate Change Conference (COP 26) have reiterated the importance of Environmental, Social and Governance (ESG) Considerations for Companies in All Sectors. International Financial Reporting Standards (IFRS) have, through their International Sustainability Standards Board (ISSB) Already prepared two draft documents which will provide a comprehensive global baseline of sustainability-related disclosure standards for non-financial reporting.

In addition, national legislation such as the country’s draft Climate Change Bill [B9- 2022], is likely to require companies to include climate change and sustainability efforts in their financial statements and integrated reporting. As this regulatory framework continues to take shape, investors and financiers are paying close attention to these developments, and many have begun to prioritize and expect high-quality, transparent, reliable and comparable reporting from companies on climate and environmental issues. ESG, beyond what is available. in conventional financial statements.

Getting ahead of this curve will generate a definite competitive advantage for compliant companies, setting them apart from the pack. Forward-thinking finance leaders should begin to prepare for the eventual implementation of these various legal and regulatory directives.

Bachelor’s degree in climate reporting and sustainable development

Fortunately, the pioneering, first-in-class training offered by SAIBA through Regenesys has been priced that won’t break the training and development budget of the companies that are likely to be most affected.

To reach the Executive training and degree in climate and sustainability, developed by SAIBA and Regenesys School of Accounting Science, participants must complete a five-week course, consisting of five modules covering the following topics: Climate Change and Economics, Climate Governance, Risk Management, Climate Reporting and Disclosures, and Climate Change and financial considerations. The objective of the license is to equip CFOs, finance managers and other senior professionals with all the skills necessary to navigate this rapidly changing space of non-financial reporting.

The program will be run by Regenesys three times during the remainder of 2022, with the first iteration scheduled to start from July 04 to August 05. The second and third offers will take place from July 15 to September 16 and October 10 to November 11, respectively.

The reality is that society can no longer ignore or ignore the effects of climate change. Likewise, while the climate agenda continues to permeate all facets of the professional world, its impact on business is too broad and significant to ignore.

Imperative to refresh professional knowledge

Education is a lifelong experience and the offering from SAIBA and Regenesys is an important reminder that will impart knowledge and ideas not covered in current formal curricula, academic qualifications and which cannot be obtained from a standard Continuing Professional Development (CPD) event. Competent financial executives will soon need to be well versed in the climate agenda and related industry and regulatory developments.

“Climate change and sustainability are topics that dominate the agendas of boards, governments, investors and the public. This license will enable CFOs, CFOs, financial accountants and practicing accountants to help companies meet the reporting requirements, challenges and opportunities of climate change,” says Nicolaas van Wyk CEO of SAIBA.

“While South Africa has been at the forefront of integrated reporting, much emphasis has been placed on highlighting social projects. The climate and sustainability license is going to be an invaluable asset for accountants, CFOs and executives looking to progress, evolve, and discover the challenges of climate control,” adds Dr. Marko Saravanja, President of Regenesys Business School.

Dr. Marko Saravanja, President of Regenesys
Business school.

register today

Although the July 4 to August 5 program is full, there are still places available in the August 15 and October 10 offers. Interested parties can find out more about program availability, content, tuition and more by visiting the registration site here.

“Top finance executives understand that climate change efforts cannot be separated from business. This license will serve as proof of competency and ensure finance managers understand the nature of climate issues, constraints and possible solutions. Contribute to the country’s broader goal of transitioning to a more climate-resilient future,” concludes Van Wyk.

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Milton S. Rodgers