Ukrainian officials and UK partners have met in Kyiv to examine how the finance function can take the lead on environmental, social and governance (ESG) reporting.
The conference brought together representatives from government, business and academia to discuss the practicalities of sustainability reporting.
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The event formed part of the City-Ukraine Hub project, funded by the UK Government’s Foreign, Commonwealth & Development Office (FCDO) and supported by the PwC Academy.
Ukraine Ministry of Finance official Olga Liubchynska said: “The reporting must be implemented in Ukraine by 2030.
“We are also emphasising the need for training initiatives to raise awareness of the importance of sustainability reporting and adherence to the European Green Deal.”
The City-Ukraine Hub programme is designed to strengthen economic and financial links between the two countries under the UK-Ukraine 100-year partnership agreement. The initiative aims to support investment, capital markets and financial sector development.
The Association of Chartered Certified Accountants (ACCA) and TheCityUK, as project delivery partners, brought together government, finance and education experts, along with academics, for a practical training session.
ACCA northern and eastern Europe head Agnieszka Jarosz said: “The partnership of those attending is essential for continuing the progress of the economy in Ukraine and is essential for a robust and credible financial environment.
“The meeting enabled the exchange of experience around ESG and the building of partnerships. Together we aim to strengthen the profession and develop talent.”
As a global professional accountancy body, the ACCA has more than 257,900 members and 530,100 future members in 180 countries.
Last month, the ACCA backed UK Government plans to tighten late payment rules, saying they could “transform” cash flow for small businesses.
