Introduction
This online training is being delivered live in a 4-hour session which runs from 13:00 – 17:00 London (UK).
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Climate change poses a significant risk to the world and its economy. Most industries have been, or are likely to be, affected and need to manage its impact. Investors are increasingly emphasising the importance of ESG (Environmental, Social and Governance) factors, particularly climate-related risk, when making investment decisions. Furthermore, regulators and governmental bodies are ever more focusing on the impact of climate change on financial reporting.
“IFRS Standards do not refer explicitly to climate‑related matters. However, companies must consider climate‑related matters in applying IFRS Standards when the effect of those matters is material in the context of the financial statements taken as a whole.” - IFRS Foundation
This course will explain how companies should consider climate-related matters in applying International Financial Reporting Standards (IFRS) and help them decide how to reflect these matters in their financial reports. It provides an introduction to a topic that is rapidly gaining importance, and will significantly impact financial statements in both the short and longer terms. We will also look into the future for accountants, financial reporting and environmental and social disclosures.