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Items tagged with "Climate"

Avoiding the pantomime horse? Co-ordinating narrative reporting and financial statements

We enjoyed a recent item in Financial Director, reporting on concerns from the Financial Reporting Council (FRC). It has found that climate and other environmental, social and governance (ESG) commitments outlined in narrative and financial reporting do not always match.

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COP26 settles Paris Rulebook on reporting requirements

Among the notable decisions emerging from the COP 26 UN Climate Change Conference, and likely to exert an important influence on corporate reporting, was a final agreement on the Paris Rulebook.

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UK sets out path to sustainable finance

With COP26 upon us, it is no surprise that climate and sustainability have been at the forefront of our minds around the world in recent days and weeks. In the UK, a number of announcements are set to have important impacts for reporting into the future.

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A Workiva view on what to look for in enhanced SEC climate disclosures

A new post from Workiva’s Steve Soter offers his take on forthcoming enhanced climate disclosure rules, expected from the US Securities and Exchange Commission (SEC).

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US government announces comprehensive strategy on climate change

On 14 October, the White House published ‘A Roadmap to Build a Climate-Resilient Economy’ for the US. It outlines both a climate risk accountability framework and, based on these guiding principles, a whole-of-government implementation strategy to address climate-related financial risk.

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TCFD releases status report on accelerating adoption, plus new guidance for net-zero transition

The Task Force on Climate-related Financial Disclosures (TCFD) has published its 2021 Status Report. It finds that disclosure in line with the TCFD’s recommendations has accelerated significantly, growing by 9% in 2019–20.

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Japan set to mandate climate disclosures from April 2022

Japan’s Financial Services Agency (FSA) is likely to require mandatory climate disclosures as early as April next year, covering carbon emissions as well as other climate-related risks.

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EFRAG publishes rationale behind climate disclosure standards

The European Financial Reporting Advisory Group (EFRAG) recently published its ‘Climate standard prototype’ working paper, setting out its current thinking on climate-related reporting standards. It has now released its accompanying ‘Basis for Conclusions,’ discussing the rationale behind the draft standards in substantial detail, from objectives and scope to specific climate policies, targets and metrics.

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SEC publishes sample letter on climate disclosures

The US Securities and Exchange Commission (SEC) has taken the interesting step of publishing a sample letter, illustrating comments that the Division of Corporation Finance might make on a company’s disclosures as they relate to climate change.

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Bank of France Governor on the green data challenge

François Villeroy de Galhau, Governor of the Banque de France, spoke recently at the International Conference on Statistics for Sustainable Finance, emphasising the need for good data.

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