Specialists discuss proposals for reporting on climate change

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By Anne Adrain, Head of Sustainability and Assurance

5 April 2017

In December 2016, the Financial Stability Board’s Task Force on Climate-change Related Financial Disclosures (FSB TCFD) issued their draft recommendations.

These were designed to help organisations identify and disclose information needed by investors, lenders, and insurance underwriters in their evaluation of the climate-change risks and opportunities faced by these entities.

ICAS recently hosted a live webinar featuring presentations from a group of experts on the Task Force recommendations and the implications for the accounting profession.

Mark Campanale and Mirjana Skrba from Carbon Tracker Initiative presented on the 2015 UN agreement in Paris to limit global temperature increases to less than 2 degrees Celsius (2° C scenario) and the role of the profession in delivering on this commitment.

Jon Williams, Partner PwC and FSB TCFD member, provided some background to the Task Force’s draft recommendations on how to deliver a 2° C scenario and highlighted the sections that will be most relevant and useful for the profession to put the recommendations into practice. Jon also gave an indication of the proposed timeframe for the implementation of the proposals.

The session concluded with a brief panel session during which Mark, Mirjana and Jon were joined by Gavin Templeton from the UK Green Investment Bank to answer questions submitted by listeners.

A recorded version of the webinar, which is 45 minutes long, is now available.

At the end of the webinar, if you have any questions for our presenters, please get in touch.

Topics

  • Sustainability

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