Climate Change Financial Reporting Standards Guide

This guide outlines the International Financial Reporting Standards (IFRS) related to climate change and their implications for organizations. It emphasizes the importance of governance in managing climate-related risks and opportunities, detailing the responsibilities of oversight committees and the need for effective data controls. The document discusses the strategic considerations organizations must make regarding their business models and financial viability in the face of climate change. It also addresses risk management processes, focusing on identifying and assessing climate-related risks and opportunities. Additionally, the guide highlights the significance of metrics and targets for monitoring progress towards sustainability goals. The IFRS standards require companies to disclose their climate-related risks and opportunities, mandating compliance for the 2024 financial year. This comprehensive framework aims to enhance investor confidence by ensuring that organizations are prepared to report on their climate-related financial impacts.