Case Study

Shaping Kenya's ESG Disclosure Requirements for Capital Markets

Capital Markets Authority (CMA) - Policy & Regulatory Advisory

Client

Capital Markets Authority (CMA)

Sector

Capital Markets & Policy

Services

Regulatory Assessment · Manual Development · Guideline Drafting

Overview

The Challenge

The Capital Markets Authority needed an evidence-based picture of ESG adoption across Kenya’s capital markets to inform its own ESG disclosure requirements — grounding policy in the actual state of practice rather than assumption.

Our Approach

Lybra led a national assessment, reviewing the Nairobi Securities Exchange’s ESG Disclosure Manual, developing a revised manual aligned with IFRS S1 and S2, and producing ESG guidelines for listed entities, market intermediaries, and infrastructure institutions.

Regulatory Gap Analysis

Reviewed the Nairobi Securities Exchange’s existing ESG Disclosure Manual against current standards.

Revised ESG Manual

Developed a revised manual aligned with IFRS S1 and S2.

Market Guidelines

Produced ESG guidelines for listed entities, market intermediaries, and infrastructure institutions.

Benchmarking & Consultation

Informed by stakeholder consultation and international benchmarking.

This work shapes how ESG disclosure requirements are set at the market level in Kenya, not just how individual entities report.

Related Work

View All

ICPAK

Supporting Kenya's transition to IFRS S1 and S2 sustainability reporting standards.

Climate Risk Spotlight: Patrick Ng’ang’a

Building Kenya's first climate risk disclosure framework with the Central Bank of Kenya.

ZEP-RE

Aligning GRI and IFRS S1/S2 reporting for the PTA Reinsurance Company.

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed