Integrating climate-related matters into financial reporting
CDSB has identified a need to support preparers in integrating climate-related matters into the financial statements. This guidance does not seek to create new accounting standards in relation to climate-related matters, but builds on International Accounting Standards Board’s (IASB) position on how climate-related matters should be integrated into financial reporting based on current International Financial Reporting Standards (IFRS) Standards.
This guidance will seek to address three main questions: Are climate-related matters relevant to financial reporting? How should climate-related matters be factored into a company’s financial reporting and what this might look like? What steps can companies take to integrate material climate-related matters into financial reporting?
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Contents
Introduction
Chapter 1: Are climate-related matters relevant to financial reporting?
- Climate change and the IFRS Standards
- Regulation, assurance and climate-related financial reporting
- Investor expectations
- Summary – climate change and financial reporting
Chapter 2: How should climate-related matters be factored into a company’s financial reporting?
- IAS 1 – Presentation of Financial Statements
- IAS 37 – Provisions, Contingent Liabilities and Contingent Assets
- IAS 36 – Impairment of Assets
- IAS 16 – Property, Plant and Equipment
Chapter 3: Next steps for preparers
Appendices
- Appendix A – Illustrative examples
- Appendix B – Climate-related legal and regulatory disclosure requirements
- Appendix C – Assurance
- Appendix D – Investor and climate reporting
References
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