UNAIR NEWS – International Financial Reporting Standards (IFRS) Foundation has officially appointed the Center for Environmental, Social, and Governance Studies (CESGS) Universitas Airlangga (UNAIR) as the Official Training Partner to the IFRS Foundation. This appointment makes CESGS the first training partner in Indonesia to support the implementation of ISSB Disclosure Training using materials developed by the IFRS Foundation.
With this status, UNAIR CESGS is authorized to conduct ISSB Disclosure Training for a wide range of stakeholders, from companies, academics, sustainability professionals, consultants, and auditors to regulators and others with an interest in sustainability disclosure. Aditya Aji Prabhawa SA MA, Managing Director of Sustainability Consulting and Capacity Building at CESGS UNAIR, regarded this achievement as an important signal for the university standing.
“Being the first in Indonesia shows that CESGS UNAIR is capable of moving adaptively and responsively in reading market developments, both in Indonesia and internationally,” he said.
Getting to know the ISSB disclosure training
ISSB Disclosure Training is a learning program on sustainability disclosure for corporate preparers and learners. The training uses a practical approach to help participants understand how to prepare sustainability information relevant to investors and the capital market.
Training materials based on the IFRS Sustainability Disclosure Standards developed by the International Sustainability Standards Board (ISSB), specifically IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures). IFRS S1 regulates the general requirements for disclosing sustainability-related risks and opportunities that may affect the company’s prospects. Meanwhile, IFRS S2 governs the disclosure of climate-related risks and opportunities, including governance, strategy, risk management, as well as metrics and targets. Both have become important references in the development of global sustainability disclosures, particularly the information needed by investors in decision-making.
Strengthening sustainability reporting capacity
By joining the IFRS Foundation as an Official Training Partner, CESGS UNAIR strengthens UNAIR’s contribution to developing knowledge and capacity in environmental, social, and governance (ESG) and sustainability reporting. This development encourages companies to present more relevant information on sustainability-related risks and opportunities. This information covers their impact on the companies’ strategy, business model, governance, and performance.
In this context, human resource capacity building is an important part of supporting the implementation of sustainability disclosure standards in Indonesia. Prabhawa emphasized that the role of CESGS UNAIR does not stop at training for the business world. “In line with the Tridharma of Higher Education, we also share knowledge with students through sustainability reporting courses. That way, the development of global standards is not only studied by professionals but also reaches the classroom as a foundation for future practitioners from an early stage,” he said.
For UNAIR, this recognition strengthens the role of higher education institutions in connecting the development of international standards with the needs of the business world in Indonesia.
Author: CESGS UNAIR
Editor: Yulia Rohmawati
