Professional accountants have an active role to play in determining the way climate change information is reported in the upcoming 2021 reporting cycle and is enhanced in future years. In a new statement released today, IFAC continues to advocate and support the profession’s role in enabling climate action by providing transparency and insights on the financial impacts of climate change.
In this statement, IFAC:
· Summarizes the information concerns of investors, regulators, and policy makers.
· Reviews current standard-setter responses.
· Recommends how, and the extent to which, companies and accountants can address these concerns in the 2021 reporting cycle.
Read the statement.