Resource Database

In Africa, the need for creating green capital markets is an urgent call that Marrakech pledge is answering; and it was in this context that the Program on Implementing Green Capital Markets took place. It provided a venue for knowledge exchange in the global market, experience sharing on the development of the green capital markets for participating countries, networking and debating on climate finance and related policy and institutional innovation among capital market players.

This white paper targets African capital market regulators and exchanges, Investor Groups, including pensions and insurances, governments and multi laterals. It aims to share the key factors that help the development of green capital markets globally, the examples of African countries that have developed or started to develop green capital markets, and the key action-oriented recommendations discussed in the program.

Successful implementation of green capital market requires a clear approach with determined objectives, interaction between public officials/private actors, and strong guidance on what is green that has substantive consistency with international guidelines. International collaboration and capacity building, active underlying securities markets, improved disclosure/information and capital market incentives for unlocking opportunities for the green investments are also factors that support success.

Scenario analysis allows an organization to explore and develop an understanding of how various combinations of climate-related risks may affect its businesses, strategies, and financial performance over time. One of the key recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) is for companies to assess and disclose the resilience of their strategy, taking into consideration multiple climate scenarios, including a two degree or lower scenario.

But what does scenario analysis look like in practice? How are leading companies using it? How do you get started? Attend our webinar to find out the answers to these questions.

In order to integrate climate change considerations into capital planning and budgeting decisions, decision-makers within municipalities need reliable and consistent climate-related information. While the Task Force on Climate-related Financial Disclosures (TCFD) recommendations were developed for use by the private sector, increasingly cities are recognizing the applicability of these recommendations for their own internal decision-making and external reporting.

This guide highlights some of the actions taken by Canadian cities in response to climate change, demonstrating the climate adaptation leadership underway across the country. It also includes process frameworks for different types of decision-makers within municipalities, including those working in financial reporting and capital planning, to help cities implement the TCFD recommendations.

The implications of climate change have become widely recognized and could significantly impact a company’s business model. This publication sets out a process and considerations to assist companies in assessing materiality of climate-related matters.

Attend this webinar to learn about how investors are integrating climate change issues into investment decisions and utilizing the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

In this webinar, you will explore how environmental, social and governance (ESG) issues are growing in importance to investors and other stakeholders, and the different ESG reporting frameworks used by companies.

Sustainability is an integral part of mainstream business and investor decision-making. Transforming performance management, governance, and assurance to make this information more valuable for all stakeholders is a key reporting task in today’s business. Management accountants – corporate accounting and finance professionals – can apply many of their skills to make sustainability information more reliable and informative and, therefore, more value-added for their organizations. In this episode, we at Count Me In hosted Mario Abela, CMA, CPA, Director of Redefining Value for the World Business Council for Sustainable Development and Shari Littan, CPA, JD, Manager of Corporate Reporting Technical Activities at IMA, to have a conversation about enhancing the quality and value of corporate sustainable business information.

In July 2019 the UK Government released their Green Finance Strategy with the expectation that all listed companies and large asset owners disclose in line with the TCFD recommendations by 2022. This report examines how the TCFD recommendations are currently reported by FTSE 100 companies to establish a baseline of adoption, discusses the role of leadership in implementation and provides tips on how companies can develop their reporting in the future.

This guide provides a practical roadmap for developing a climate change strategy, focusing on the crucial steps of understanding the risks and opportunities of climate change adaptation, engaging with key stakeholders, and reporting on progress.

This paper explores the interplay between regulatory transitional risks and physical risks under alternative climate change scenarios, and how this may impact the performance of companies across sectors and geographies.

By providing external validation of disclosures, and of the processes undertaken in producing those disclosures, assurance can increase the confidence of capital providers and other stakeholders using non-financial information to guide their decision-making.

But what is assurance? How does it work? And how is it beneficial to users of nonfinancial information?

This ‘Buyer’s guide to assurance on non-financial information’ (the guide), written by the Audit and Assurance Faculty of the Institute of Chartered Accountants in England and Wales (ICAEW) and the WBCSD, addresses these questions and brings much-needed clarity on a topic that is often perceived as confusing.

Large companies are being increasingly questioned by their stakeholders, notably investors, on “their alignment with the objectives of the Paris agreement”.

In this context, at the initiative of 15 member companies (Alstom, Axa, Bouygues, CGG, Generali France, LVMH, Michelin, Schneider Electric, Société Générale, Sodexo, Suez, Thales, Unibail-Rodamco-Westfield, Vallourec et Véolia), AFEP commissioned the think tank The Shift Project in September 2018 to conduct a study, in order to deliver:

* a mapping of the main energy/climate scenarios publicly available;
* an assessment of the methodological choices made by company stakeholders when analysing companies’ disclosures;
* recommendations for companies in order to devise their own energy&climate scenarios and to integrate them in their strategies.

The cornerstone of this report’s recommendations is that companies establish their own energy-climate foresight analysis to rebalance the dialogue between economic actors and stakeholders, including extra-financial and credit rating agencies.