The objective of the meeting was to define the role of the committee, validate its composition, approve the structure including the positions of Chair, Vice Chairs and Secretariat, develop a meeting calendar, and validate activities to be prioritized in the action plan implementation.
The steering committee's proposed objectives are split into two critical roles, including strategic and operational. The strategic role includes the coordination between government agencies and other relevant parties to provide better connectivity with international organisations; offering advice to regulators on the adoption and implementation of the upcoming ISSB Standards at the national level; and the implementation and adoption of the objectives of the action plan to establish national strategies for SDG and Sustainability Reporting.
The operational role focuses more on the committee's structure, manner and frequency for conducting the meetings etc. It has been agreed that the committee will monitor the implementation progress against the action plan; define the composition and coordination of the progress delivered by the working groups; organize annual meetings and set annual targets to ensure the overall objectives are attained.
The National Treasury will take the leading role in the Steering Committee. For the role of the Vice Chair the Nairobi Securities Exchange was elected, while ICPAK was nominated to perform as the Secretariat.
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