The IFRS Foundation has today published educational material to highlight how existing requirements in IFRS Standards require companies to consider climate-related matters when their effect is material to the financial statements.
Links: consider climate-related matters when their effect is material to the financial statements.
The educational material complements an article that
member of the International Accounting Standards Board Nick Anderson
wrote on this topic in November 2019. The educational material has been
developed in response to stakeholder requests for further information on
this topic.
The material contains a non-exhaustive list of examples of when
companies may need to consider climate-related matters in their
reporting and is aimed at supporting the consistent application of IFRS
Standards. It does not add to or change the requirements in the
Standards.
The material has been produced according to the requirements set out in the revised Due Process Handbook, which was published in August 2020.
© IFRS Foundation
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