Navigating The Global Landscape Of Climate-Related Accounting Standards: A Look At The Three Current Proposals

Climate-related accounting manages financial risks from climate change in business strategy. The SEC (United States), ESRS (European Union) and IFRS (International) have proposed global standards on how to measure and report these risks. Challenges include disclosing scope 3 emissions, with ongoing revisions reflecting feedback from companies and investors. by Yara van Ingen What is climate-related...

What Is The Glasgow Climate Pact?

The most high-profile commitment of the Glasgow Climate Pact was the promise to ‘phasedown’ coal use - rather than to phase it out. However, the pact did mark the first time in the UN climate process that the Parties recognised the need to rapidly reduce coal The Glasgow Climate Pact promised progress on finance, adaptation, Article 6, and employed strong language supporting the scientific consensus on climate change. Loss and damage and nature and biodiversity received far fewer concrete commitments in the final draft.