Why businesses need to prepare for new requirements on climate disclosures.
The 2015 UN Paris Agreement, with its goal of keeping global temperatures below 2.0C above pre-industrial times, suggests that governments around the world are starting to play their part in transitioning to a low-carbon future. At the same time, low-carbon technology is becoming more competitive.
These dual forces are encouraging investors to diversify their portfolios and integrate climate change risk into decision-making. Investors want to see companies report on climate impact in a considered and consistent way. Support is also growing to improve climate-related reporting following publication of a framework by the Task Force on Climate-Related Financial Disclosures.
Use our insights below to prepare for new requirements on climate disclosures.
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EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
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