CSE arranges climate disclosure training

Chittagong Stock Exchange Ltd. (CSE) organised a two-day Climate Disclosure Training Program on digital platform-Zoom, for the issuers and other stakeholders in collaboration with the United Nations Sustainable Stock Exchanges Initiative (UN SSE), International Finance Corporation (IFC) and Climate Disclosure Standards Board (CDSB) recently.

CSE's Managing Director (Acting) Mr. Md. Ghulam Faruque in his welcome speech on the last day of the session thanked UN SSE, IFC and CDSB for organizing such an important and timely training programmes for the stakeholders.

He said there is increasing international recognition of the need to integrate climate change and environmental considerations into mainstream financial decision-making. Better access to climate-related information can enhance how climate risks are assessed, priced, and managed. It facilitates climate-aware investment, lending, and insurance underwriting decisions that contribute to a more sustainable financial system.

The two days' training covered on "climate-related financial reporting" and ''building experience in climate-related financial reporting'. Technical Papers on these issues have been presented by Ms. Tiffany Grabski, Senior Specialist-TCFD of UN SSE and Ms. Fiona Quinlan, Senior Manager-TCFD Technical Capacity Building of CDSB.

More than two hundred participants from renowned listed companies and TREC Holders of CSE including CSE Officials were present in the training.

The training has been organized in order to provide the stakeholders specially the listed companies with high-quality training on climate disclosure and provide an overview of the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. The UN SSE, IFC and CDSB is providing this multifaceted, Continuing Professional Development (CPD) certified course to issuers and other key stakeholder network completely free of charge.

CSE's Chief Regulatory Officer Mr. Mohammad Shamsur Rahman in his concluding remarks said that globally consistent and comparable disclosures by firms of their climate-related financial risks are increasingly important to market participants and financial authorities as a means to give investors and other market participants the information they need to manage risks, and seize opportunities, stemming from climate change.