Accounting for Sustainability (A4S)
A4S have published a report ‘Net Zero: A practical guide for finance teams’
Climate Disclosure Standards Board (CDSB)
The Climate Disclosures Standards Board (CDSB), a consortium of business and environmental NGOs, developed a framework that companies can use to incorporate climate change and environmental information into their mainstream reports. In November 2021, the International Financial Reporting Standards (IFRS) Foundation Trustees announced the International Sustainability Standards Board (ISSB) consolidation with the Climate Disclosure Standards Board (CDSB) and the Value Reporting Foundation (SASB & IIRC).60
Read the AICPA & CIMA summary of the CDSB standard
CDP
In November 2021, CDP released a discussion paper focused on the composition of climate transition plans.
N. Bartlett, E. Jenkins, S. Bamkole, T. Coleman & S. Twigg, Climate Transition Plan: Discussion Paper (CDP, 12 November 2021).
The Science Based Targets initiative (SBTi)
The SBTi is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.
In October 2021, SBTi published a white paper ‘Corporate Net-Zero Standard’ It provides guidance, criteria, and recommendations to support corporates in setting net-zero targets.
The Task force on Climate-related Financial Disclosure (TCFD) recommendations
When trying to understand the ‘what of carbon accounting’, the TCFD recommendations are a great starting position on which to build your organisation’s journey.
Read the AICPA & CIMA summary of the TCFD recommendations
The TCFD released climate-related financial disclosure recommendations to address the need for reliable corporate disclosure of climate-related information in 2017.
TCFD, Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD: June 2017)
In 2021 the task force published two white papers
TCFD, Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD: October 2021). This document updates and supersedes the 2017 Annex "Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures".
TCFD, Task Force on Climate-related Financial Disclosures: Guidance on Metrics, Targets, and Transition Plan (TCFD: October 2021). This document describes recent developments around climate-related metrics and information on organisational climate transition plans.
The United Nations
Climate action resources from the United Nations. This includes information on the UN’s ‘Race To Zero’ campaign.
