Could Disclosing Climate-related Financial Information Become the New Normal?
Oct 17, 2017
On October 17, 2017, the International Federation of Accountants (IFAC) released an article on how climate change disclosures in corporate reports are common, including disclosure of greenhouse gas (GHG) emissions and other metrics measuring the impact of an organization on the environment. But that what is often missing is the link to the financial implications of climate change, both current and in the future.
GHG disclosures in themselves are not adequate enough for investors to fully understand a company’s exposure to climate-related risks and opportunities as well as its strategies for managing them. And a recent global survey found that 56% of investors surveyed considered disclosures on climate-related risk “highly inadequate.”
Review the full article on the IFAC's website.
