New guidance for delivering greenhouse gas reporting
New guidance to help professional accountants and finance professionals deliver robust greenhouse gas (GHG) reporting has been released by the International Federation of Accountants (IFAC) and We Mean Business Coalition (WMBC), in partnership with Accounting for Sustainability (A4S), Global Accounting Alliance (GAA) and World Business Council for Sustainable Development (WBCSD).
The guidance is a response to the rapidly escalating impact of climate change, and emerging mandatory requirements that companies disclose robust information about their GHG emissions, and climate risks and opportunities to help investors allocate capital to the ‘greenest’ companies.
The first part of the guidance, 8 Steps to Enhance GHG Reporting: A Roadmap for Accounting and Finance Professionals, and the second part, GHG Reporting Building Blocks for Accountants, are available on the following link:
The publications were released in preparation for the upcoming international and jurisdictional standards and regulations that will compel companies to advance GHG reporting to new levels, and provide investors with decision-useful information related to climate risks and opportunities.