CDSB statement on the UK Environmental Audit Committee’s report

CDSB statement on the UK Environmental Audit Committee’s report

Yesterday, the UK Environmental Audit Committee released its latest report “Greening finance: embedding sustainability in financial decision making”, as a result of its Green Finance Inquiry into climate change reporting regulation.

CDSB supports the findings of the report, in particular as it calls for the UK government to make climate risk reporting to be mandatory as the most likely way to “see comprehensive and comparable climate risk disclosures.”

The 2022 deadline indicated in the report could pose financial risks by shortening the timeframe for the market to offload climate-related risks. We advise the UK Government or the FRC to undertake an annual review of companies’ reporting on climate change, starting in 2018.

Read our response here

Implementing the TCFD recommendations: identifying the challenges (Part I)

Between October and March, we held a number of workshops on the TCFD recommendations and climate risks. In this two-part blog, we will provide a summary of the responses we obtained from the workshops, highlighting the challenges and the solutions that were broadly agreed upon across the workshops, as well as those unique to certain regions or sectors.

Read the blog

Analysis: Is sustainability reporting moving in the right direction?

New data from the Reporting Exchange showcases differences in environmental, social and governance (ESG) reporting between sectors, market maturity levels and national contexts.

The report Insights from the Reporting Exchange: National, regional and international developments underscores that while sustainability reporting is moving in the right direction, the pace of change needs to accelerate to ensure a prosperous and sustainable future.

Read the highlights

Upcoming webinars

28 June 2018, 10:00am BST
Climate change and future finance skills

We have partnered with the ACCA to provide an overview of why including climate-related risks in financial disclosure is becoming more mainstream, and what this means for the accounting profession.
Find out more here

28 June 2018, 1:00pm BST
Reporting & transparency: the TCFD Knowledge Hub explained

This webinar will provide an overview of the recently-launched TCFD Knowledge Hub, the first online platform dedicated to the latest resources, tools and insights on the recommendations.
Register here

Commit to action: TCFD initiative

This webinar outlines the commitment encouraging companies to implement the TCFD recommendations within 3 years.

Through their commitment, organisations are demonstrating to the financial community the resilience of their business models to climate-related risks, as well as their readiness to capitalise on the opportunities a transition to a lower carbon economy presents.

Watch the webinar recording here