BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6a721954c0bc5 DTSTART:20220520T070000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20220520T150000Z LOCATION:Online\, Kenya SUMMARY:Kick-off meeting of the National Action Plan for Sustainability and SDG Reporting in Kenya CLASS:PUBLIC DESCRIPTION:On 20 May 2022 UNCTAD organized an online meeting to present th e National Action Plan for Kenya towards developing high-quality sustainab ility/SDG reporting by companies. The Action Plan is one of the key output s of the Development Account 11th Tranche Project on Enabling policy frame works for enterprise sustainability and SDG reporting in Africa and Latin America. \n\nThe action plan provided recommendations and proposed activi ties to overcome the gaps in priority areas identified with the previous a ssessment of the reporting infrastructure in the country. The meeting enco uraged participants to discuss and provide their views and suggestions on the proposed plan of action. It has also paved the way to improve the sust ainability/SDG reporting in Kenya and enhance the quality of corporate rep orting\, including on environmental\, social and corporate governance aspe cts. \n\nThe gaps identified through the ADT assessment have been grouped into 3 categories:\n-    Lack of legal &\; regulatory framework on enterprise reporting \n-    Lack of institutional coordination between relevant stakeholders in the area of sustainability reporting \n-     Limitation on Human Capacity Building lack of regulation in educational re quirements in enterprise reporting\n\nThe action plan addressed the establ ished categories accordingly by taking into consideration the country-spec ific constraints and available market opportunities.\nThe 3 strategic obje ctives identified in the action plan are highlighted below:\n-    Strat egic Objective 1: Strengthen the legal and regulatory frameworks for susta inability reporting \n-    Strategic Objective 2: Strengthen regulator y infrastructure and institutional cooperation in the area of SDG/Sustaina bility reporting\n-    Strategic Objective 3: Strengthen the human capa bilities for corporate and sustainability reporting\n \nThe meeting helpe d to agree on the composition of the working group\, define the roles and responsibilities of the group members\, proceed with the election of a cha ir and secretariat\, develop a meeting calendar for each group as well as determine the activities which should commence in 2H of 2022 and prioritis e activities to be delivered in 2023-2025.\n<\;p>\;On 20 May 2022 UNCT AD organized an online meeting to present the National Action Plan for Ken ya towards developing high-quality sustainability/SDG reporting by compani es. The Action Plan is one of the key outputs of the Development Account 1 1th Tranche Project on<\;em>\; Enabling policy frameworks for enterpri se sustainability and SDG reporting in Africa and Latin America<\;/em> \;.&\;nbsp\;<\;/p>\;\n\n<\;p>\;The action plan provided recomme ndations and proposed activities to overcome the gaps in priority areas id entified with the previous assessment of the reporting infrastructure in t he country. The meeting encouraged participants to discuss and provide the ir views and suggestions on the proposed plan of action. It has also paved the way to improve the sustainability/SDG reporting in Kenya and enhance the quality of corporate reporting\, including on environmental\, social a nd corporate governance aspects.&\;nbsp\;<\;/p>\;\n\n<\;p>\;The gaps identified through the ADT assessment have been grouped into 3 categ ories:<\;br />\;\n-&\;nbsp\;&\;nbsp\; <\;em>\;&\;nbsp\;La ck of legal &\;amp\; regulatory framework on enterprise reporting&\; nbsp\;<\;br />\;\n-&\;nbsp\;&\;nbsp\; &\;nbsp\;Lack of instit utional coordination between relevant stakeholders in the area of sustaina bility reporting&\;nbsp\;<\;br />\;\n-&\;nbsp\;&\;nbsp\; & \;nbsp\;Limitation on Human Capacity Building lack of regulation in educat ional requirements in enterprise reporting<\;/em>\;<\;/p>\;\n\n< \;p>\;The action plan addressed the established categories accordingly b y taking into consideration the country-specific constraints and available market opportunities.<\;br />\;\nThe 3 strategic objectives identifie d in the action plan are highlighted below:<\;br />\;\n-&\;nbsp\;&a mp\;nbsp\; <\;em>\;&\;nbsp\;Strategic Objective 1: Strengthen the l egal and regulatory frameworks for sustainability reporting&\;nbsp\;< \;br />\;\n-&\;nbsp\;&\;nbsp\; &\;nbsp\;Strategic Objective 2: Strengthen regulatory infrastructure and institutional cooperation in the area of SDG/Sustainability reporting<\;br />\;\n-&\;nbsp\;&\;nbs p\; &\;nbsp\;Strategic Objective 3: Strengthen the human capabilities f or corporate and sustainability reporting<\;br />\;\n&\;nbsp\;<\; /em>\;<\;br />\;\nThe meeting helped to agree on the composition of the working group\, define the roles and responsibilities of the group mem bers\, proceed with the election of a chair and secretariat\, develop a me eting calendar for each group as well as determine the activities which sh ould commence in 2H of 2022 and prioritise activities to be delivered in 2 023-2025.<\;/p>\;\n\n\nView meeting on unctad.org\nhttps://unctad.org/ meeting/kick-meeting-national-action-plan-sustainability-and-sdg-reporting -kenya DTSTAMP:20260804T165444Z END:VEVENT END:VCALENDAR