Introducing WBCSD’s “Climate-related Financial Impact Guide”: a crucial resource for business supporting the assessment and disclosure of climate-related financial impacts.
WBCSD’s CEO Guide to the Climate-related Corporate Performance and Accountability System (CPAS) emphasizes the importance of decision useful climate risk and opportunity information and insights from the 2023 Taskforce on Climate-related Financial Disclosure (TCFD) Status Report reveal that over 70% of users prioritize a company’s disclosure of climate-related impacts on its financial position and performance, second only to GHG emissions, highlighting the need for comprehensive reporting.
Developed by the World Business Council for Sustainable Development (WBCSD), the “Climate-related Financial Impact Guide” serves as a step-by-step guide for companies to enhance their assessment and disclosure of climate-related financial impacts. Addressing the complexities of climate-related risks and opportunities, impact pathways, calculations, data and accounting assumptions, it empowers businesses to navigate challenges and seize opportunities.
Discover examples from businesses including: Shell, Rio Tinto, National Grid, Mercedes-Benz, CLP Group, Unilever and GSK.
Access the publication here.