In July 2025, the World Bank’s Center for Financial and Sustainability Reporting Reform (CFRR) successfully delivered a four-part webinar series aimed at enhancing sustainability reporting understanding across the Europe and Central Asia (ECA) region. Each session attracted about 290 participants and featured dynamic, interactive discussions with participants actively posting questions, reflecting strong regional engagement and interest.

The webinars were designed for a broad audience, including representatives of Ministries of Finance responsible for corporate reporting legislation, banking and insurance regulators, professional accounting organizations and their members, business associations, commercial banks, insurance companies, board members and accountants from large and medium-sized enterprises, including state-owned enterprises, as well as academics involved in accounting and sustainability education.

The first three webinars were organized in collaboration with the IFRS Foundation and International Sustainability Standards Board (ISSB), focusing on the fundamentals of the ISSB Standards, industry-specific disclosures based on SASB Standards, and regulatory adoption strategies. The fourth session, held in cooperation with the Partnership for Carbon Accounting Financials (PCAF), explored practical methodologies for calculating financed emissions across asset classes.

A key message throughout the series was the versatility of both SASB and PCAF standards, which can be applied effectively regardless of whether a jurisdiction follows a financial materiality-based or impact materiality-based sustainability reporting framework. This interoperability makes the content highly relevant for the diverse regulatory environments across the ECA region.

Delivered under the EAASURE regional program, co-funded by the Austrian Federal Ministry of Finance, the Swiss State Secretariat for Economic Affairs (SECO), and the Austrian Development Agency (ADA), the webinar series received overwhelmingly positive feedback. Participants appreciated the clarity, practical relevance, and strategic value of the sessions in supporting their countries’ alignment with international sustainability reporting standards.