Post by account_disabled on Mar 2, 2024 22:45:28 GMT -5
In addition to financial statements, they may miss critical information. That’s one reason the TCFD report includes a recommendation that organizations provide climate-related disclosures in their public financial filings each year, as it concluded that climate-related issues in many cases would be material to investors. But audited financial statements must adhere to stricter standards than other reports and are more expensive and complicated to produce. Auditing is just one obstacle to integrated reporting.
In a global company, gathering all the information needed to meet reporting standards can be challenging, as Leitsch of CBRE found when she experienced resistance in reaching out to other BTC Number Data executives for data. "In the end we were able to collect data for all the SASB disclosures for our industry," she said. "It wasn’t complete full global data. It was some data for some regions and some data for other regions and some of the data was available globally, but it was something. And something is better than nothing.
Leitsch said she’s looking forward to participating in the review process for the SASB standards after they’re codified. "That information is something that our investors are really asking for," she said. "It absolutely complements the GRI standards; you can use them together." With as much as $ trillion in global assets at risk from climate change (PDF) between now and , the sooner corporations can commit to fully disclosing those risks, the better.
In a global company, gathering all the information needed to meet reporting standards can be challenging, as Leitsch of CBRE found when she experienced resistance in reaching out to other BTC Number Data executives for data. "In the end we were able to collect data for all the SASB disclosures for our industry," she said. "It wasn’t complete full global data. It was some data for some regions and some data for other regions and some of the data was available globally, but it was something. And something is better than nothing.
Leitsch said she’s looking forward to participating in the review process for the SASB standards after they’re codified. "That information is something that our investors are really asking for," she said. "It absolutely complements the GRI standards; you can use them together." With as much as $ trillion in global assets at risk from climate change (PDF) between now and , the sooner corporations can commit to fully disclosing those risks, the better.