CCR Roundtable: “Anticipated Financial Effects: Making the Most of the Time Gained – From Reporting Obligation to Management Logic”

Friday, 13 November 2026 9.00 am – 2.00 pm
Deutsche Börse, Eschborn

The ESRS require disclosure of the anticipated financial effects of material sustainability-related risks and opportunities (Anticipated Financial Effects, AFE). The European Commission has placed this requirement under transitional provisions for the first reporting years: the obligation has been deferred, not removed. But what does this mean in practice?

Those who view this deferral merely as breathing space for reflection risk missing a strategic opportunity: namely, to systematically translate sustainability-related risks and opportunities into financial metrics and integrate them into internal management processes. As a specialist or senior decision-maker in sustainability, finance or investor relations, you should ensure at an early stage that you not only understand the legal framework surrounding AFE, but also gain insight into capital market expectations and practical implementation approaches.

This roundtable, organised jointly by the Center for Corporate Reporting and Kirchhoff Consult, offers scope for in-depth discussion and networking. Practical insights will be provided by Georg Lanfermann, President of the DRSC (German Accounting Standards Committee), Dr Klaus Hufschlag, CFO Corporate Sustainability at DHL Group, and Christoph M. Klein, Founder and Managing Partner of ESG Portfolio Management.
 

Topics will include:

• understanding the spirit of the regulation and developing pragmatic implementation pathways
• addressing methodological challenges in determining quantitative disclosures
• exploring the tension between standard-setting and management relevance
• establishing appropriate methods, processes and governance structures
• illustrating how sustainability-related risks and opportunities can be systematically translated into financial metrics and integrated into internal management, using climate change as an example, where financial effects emerge over time
• understanding how the capital market is currently dealing with AFE and how this may evolve in future
• discussing practical approaches for how companies can proactively address AFE ahead of the reporting obligation
   

Agenda
 

Register here: CCR Roundtable Registration

 

• Georg Lanfermann, President, DRSC (German Accounting Standards Committee)
  Georg Lanfermann is President of the German Accounting Standards Committee (DRSC), where he leads the organisation’s work on sustainability reporting. He also serves as Vice-President of the EFRAG Administrative Board. Previously, he was a Partner at KPMG for 16 years, focusing on EU regulation in the fields of corporate reporting, auditing, governance and sustainable finance.
   
• Dr Klaus Hufschlag, CFO Corporate Sustainability, DHL Group
  Klaus Hufschlag is Senior Vice President Sustainability Reporting & Controlling at DHL Group and is therefore responsible both for external sustainability reporting and for embedding the Group’s sustainability targets into its financial management framework. Originally coming from the field of information systems/business intelligence for finance, he has been involved in building up the Group’s CO2 reporting since 2008.
  He studied Business Administration at the University of Trier and completed his doctorate at the Institute of Controlling and Management at WHU – Otto Beisheim School of Management in Vallendar. Since 2022, he has also contributed his extensive experience in accounting, controlling and sustainability as a member of the EFRAG Technical Expert Group Sustainability Reporting, supporting the development of the European reporting standards.
   
• Christoph M. Klein, Managing Partner, ESG Portfolio Management GmbH
  Christoph M. Klein, CFA, is Founder and Managing Partner of ESG Portfolio Management, an award-winning sustainable investment boutique. Previously, he served as Portfolio Strategist, Managing Director and Head of ESG Credit at Deutsche Asset & Wealth Management, as well as a credit hedge fund manager in London. He is a member of the CFA Standards of Practice Council, the DVFA Sustainable Investing Commission and the Management Board of Forum Nachhaltige Geldanlage (FNG).
  C. M. Klein also lectures on ESG and climate risk seminars at Fitch Learning and teaches sustainable investment at Frankfurt School of Finance & Management. He obtained his degree in Business Administration from the University of Trier and was a Visiting Scholar at New York University.
   
• Vincent Furnari, Managing Partner, Kirchhoff Consult
  Vincent Giesue Furnari is Managing Partner of Kirchhoff Consult GmbH and is responsible for the company’s advisory services at the interface of ESG, the capital market and M&A. He held senior leadership positions at leading companies for three decades, including CEO of SGS Group Germany and CFO of TÜV Rheinland AG. He later became a Partner at a strategy consultancy specialising in the capital markets and corporate governance. Drawing on his extensive expertise and experience, he has successfully delivered complex finance, strategy and digital transformation projects for a range of companies with up to 20,000 employees and revenues of up to €2 billion. Among his achievements is the placement of a €200 million ESG-linked Schuldschein as part of a green finance strategy. Vincent Furnari’s particular focus is on integrating sustainability value drivers into corporate strategy and transaction processes.
   
• Chantal Wick, Head of Operations & Marketing, CCR (Center for Corporate Reporting)
  As Head of Operations & Marketing at the Center for Corporate Reporting (CCR), Chantal Wick is responsible for ensuring that processes work together efficiently, events are delivered professionally and CCR’s communications reach the community effectively. She has international experience in marketing, communications and partner management and previously worked, among others, for Zurich Insurance and Schwarz Group. She holds a Master’s degree in Media, Communication and Political Science from the University of Zurich and was also an active professional handball player for many years.