The South Pacific Stock Exchange (SPX) has unveiled its first technical training initiative since joining the United Nations Sustainable Stock Exchanges (UNSSE) network. This online workshop, scheduled for October 7, 2025 (Fiji time), will focus on the newly established International Financial Reporting Standards on sustainability disclosure, namely IFRS S1 and IFRS S2. Notably, this session is being offered at no cost to attendees, encouraging broad participation from SPX-listed companies, private entities using full IFRS, financial institutions, regulatory and standard-setting bodies, and advisory firms.
This initiative follows closely after the August 2024 decision by the Fiji Institute of Chartered Accountants to delay the adoption of these standards to January 1, 2026. Consequently, the training is particularly timely, offering professionals involved in governance, strategy, risk management, accounting, finance, and sustainability a chance to align their practices with international standards through direct engagement with the creators of these global benchmarks.
SPX CEO Sheraj Obeyesekere emphasizes this training as one of the stock exchange’s initial steps under the UNSSE, showcasing their commitment to enhancing technical capacity and fortifying Fiji’s capital markets. Through interactive activities and a live Q&A, the workshop aims to give participants a comprehensive overview of IFRS S1 and S2, alongside practical guidance tailored to enhance sustainability disclosure practices.
The introduction of these standards comes at a crucial time as the Pacific region, notably vulnerable to climate change, increasingly prioritizes sustainability within financial practices, underscoring these concepts as key strategies for resilience and long-term development. This training aligns with SPX’s broader agenda of integrating sustainability into financial frameworks, solidifying transparency and building investor trust.
In essence, SPX’s engagement in this training initiative and its active participation in the global UN SSE network signals both a strong commitment to sustainable practices and a step towards positioning Fiji as an active participant in the international dialogue on sustainable finance. With these efforts, SPX is not only looking to elevate local financial markets but also to contribute to a more robust and globally integrated financial ecosystem.