12 April | Online

A large part of meeting the temperature reduction goals envisioned by the Paris Agreement is the reallocation of capital to low carbon investments/companies.

In order to achieve this, investors need better information about the effects of climate-related risks on company financial statements today. In 2020 global accounting and audit standard-setters (the International Accounting Standards Board (IASB) and the International Auditing and Assurance Standards Board (IAASB)) published guidance clarifying how their relevant requirements incorporate the consideration of climate risks into both financial reporting, and auditor responsibilities, respectively. Based on this, investors are expecting companies’ 2020 financial statements to incorporate the information they need to understand the effects of transition and physical risks (as well as companies’ strategies) on companies’ current financial operations and positions.

This webinar will explore the results of the analyses of 2019 and 2020 financial reports performed by both ACCA (in conjunction with various academic representatives) and Carbon Tracker.

These short presentations will be followed by an expert panel discussion exploring the studies, recent IASB/IAASB discussions around climate risks, GPPC letter and auditor discussions.

Speakers include:

• Diogenis Baboukardos, Lecturer in Accounting, Essex Business School
• Barbara Davidson, Senior Analyst, Carbon Tracker
• David Pitt-Watson, Executive Fellow at Cambridge Judge Business School, and former co-Chair of the UN Environment Programme’s Finance Initiative
• Caroline Escott, Senior Investment Manager, RPMI Railpen
• Richard Martin, Head of Corporate Reporting, ACCA (moderator)

This webinar is available on Carbon Tracker’s YouTube Channel.