Resource Database

The Commonwealth Climate and Law Initiative (CCLI) has commissioned a legal opinion on directors’ duties and disclosure obligations regarding climate change.

The Financial Reporting Council (FRC) has published the findings of its review of reporting on emissions, energy consumption and related matters under the new Streamlined Energy and Carbon Reporting (SECR) rules which came into effect from 1 April 2019.

The FRC’s review considered how a sample of companies and Limited Liability Partnerships (LLPs) had complied with the new SECR requirements, identified examples of emerging good practice and outlined its expectations for future reporting. While the sample of reports largely complied with the minimum statutory disclosure requirements for emissions and energy consumption, more needs to be done to make these disclosures understandable and relevant for users. In particular, entities need to explain more clearly how information is calculated, which operations and emissions are included in their reported numbers and the level of third-party assurance obtained over the information. They also need to consider how to integrate these disclosures with other narrative reporting on climate change, especially any emission-reduction targets.

This report offers detailed recommendations to guide the banking industry in fully measuring, analyzing, and acting against threats posed by the physical risks of climate change. It sets out a practical roadmap to help banks conduct risk assessments and incorporate climate risks into their day-to-day decision-making.

Legal opinion on the obligations of company directors regard to the issues associated with climate change under Indian law, considering physical, transition, and litigation exposure risks.

Since 2018, the Brazilian Federation of Banks (FEBRABAN) has been leading a project for the implementation of TCFD recommendations in Brazil. In the past three years, FEBRABAN and its Working Group on Climate and Green Economy developed tools, publications and workshops to strengthen the capacity of local banks on the TCFD agenda. At the individual level, banks have been improving their governance, strategy, risk management and transparency practices. This report presents a brief overview of the progress over the past years and the current status of FEBRABAN’s TCFD roadmap, developed with the support of SITAWI.

Risk management as we knew it has been catapulted by the ongoing pandemic, and accountants have been presented with an unmissable opportunity to reassess how they can add more value in this transformation. The opening section of this report discusses how failing to address sustainability is the biggest risk of all, and what needs to be done to better measure and manage the associated existential risks. Now is the time for our profession to show in real ways how it helps organisations change behaviour, rethink risk and how accountants can steer us all towards a sustainable future.

This webinar – organized by the ACCA (Association of Chartered Certified Accountants), Green Finance Platform and the Pan African Federation of Accountants (PAFA) – focused on scaling up efforts towards Paris alignment and supporting the UN Sustainable Development Goals in the Africa-EU Strategic Partnership. Agenda 2063 goals on climate resilient economies and taking responsibility for finance address this important topic, as well as how Africa sees itself engaging internationally, and its approach to development funding.

In this episode of GARP’s Climate Risk Podcast, Rebecca Self, Director of Sustainable Finance at South Pole, discusses three important climate-related issues.

Against the backdrop of Covid-19, the changing shape of markets and global value chains, the redefinition of risks and the focus resilience, we face a fundamental question: how can we all work together to create the required zero pollution transformation while rebuilding our economies to support societies to thrive? This question was central to the discussion at a joint event organised as part of the EU Green Week 2021 by ACCA, the IIRC & SASB (Value Reporting Foundation).

Increased attention on GHG emissions and reporting by global capital markets (e.g., investors, insurers, credit rating agencies, financial regulators) will require organizations to adopt a low-emissions mindset and enable a cultural shift towards lowering carbon footprints.

Learn how your organization can establish an appropriate GHG emissions management system, and benefit with improved efficiencies, cost savings, and capitalizing on increasing demand for low-carbon products and services.

Environmental and social (E&S) issues are evolving to become one of the leading disruptive factors that can impact long-term corporate value creation. While E&S issues can create business risks, they can also create opportunities for innovation, new product and service offerings, new market opportunities, and enhanced competitive advantage and business resiliency.

This document will help identify key questions boards should ask about E&S impacts.

On 29 April 2021, EU and global experts discussed the opportunities and challenges of audit and assurance of ESG information, at a joint ACCA, ECIIA, Deloitte and Accountancy Europe event, attended by over 780 participants from all over the world. This was the first public event that discussed the audit and assurance aspects of the new Corporate Sustainability Reporting Directive (CSRD).