The PRI has prepared a draft consultation response to the Steering Committee on IFRS Sustainability Standards Adoption (ISSBSC), on Rwanda’s draft IFRS Sustainability Disclosure Standards Roadmap. The draft Roadmap proposes to align sustainability reporting requirements for Rwandan listed entities, financial institutions, public utility companies, and other entities (including SMEs) that prepare IFRS financial statements – with phase-in provisions to enable proportionality.

Our draft response supports the proposals, given this will help to meet investor demand for consistent and high-quality sustainability reporting. Its recommendations are for the ISSBSC to shorten its proposed delays to certain reporting – on issues beyond climate, transition plans, industry-based metrics and Scope 3 GHG emissions – and to eventually build on the global baseline where possible to meet broader investor data needs related to sustainability impacts. 

The ISSBSC is consulting on these proposals until 19 March 2025. We are grateful for any comments until Monday March 17th to inform our submission. Please respond to this email to submit any comments.