Ukraine: Disclosure and Transparency: Beyond The Balance Sheet

25 November 2020

SSE joins efforts with the IFC and the National Securities and Stock Market Commission of Ukraine (NSSMC) to help companies in Ukraine learn how to best disclose non-financial information. “The COVID-19 pandemic prompted the most severe market crash since the global financial crisis. Those investors, however, who prioritized good ESG practices were found to be more resilient and achieved superior results. A sound ESG discourse is one of the key components for investors in their decision-making. I am happy to announce that today’s event kicks off the series of IFC ECA ESG advisory webinars providing the opportunity for many Ukrainian businesses to explore critical insights of transparent corporate reporting, which will increase their access to finance and enhance their valuations”, said Jason Pellmar during the webinar, organized jointly by SSE, IFC and NSSMC. The initiative is part of the broader cooperation with the NSSMC to promote the development of sustainable finance in Ukraine. It aims to help companies in Ukraine understand how to report better to investors and other key stakeholders, building on IFC’s award-winning Disclosure and Transparency Toolkit “Beyond the Balance Sheet”, IFC’s Financial Institutions Group, and UN Sustainable Stock Exchanges Initiative resources. The webinar had the objective of demonstrating the strategic value and demand for corporate reporting and disclosure practices; providing practical guidance, tools, and resources for integrating financial and ESG reporting practices in emerging markets; and further develop and support capacity-building resources, networks, and partnerships in Ukraine. Disclosure and transparency are critical for attracting capital and building resilient enterprises in emerging markets. Transparent corporate reporting, integrating financial and ESG information, increases trust and confidence for investors, as it provides critical insights into how companies manage their operations and make decisions relevant to pursuing opportunities and managing risks. Corporate reporting may also shed light on how companies create different types of long-term value, including contributions to addressing societal crises, such as the current pandemic.
More details about this event here.   About IFC IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org .

About the SSE

​The SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP FI and the PRI. The SSE’s mission is to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organizations, can enhance performance on ESG (environmental, social and corporate governance) issues and encourage sustainable investment, including the financing of the UN Sustainable Development Goals. The SSE seeks to achieve this mission through an integrated programme of conducting evidence-based policy analysis, facilitating a network and forum for multi-stakeholder consensus-building, and providing technical assistance and advisory services.