Climate change is likely to drive some of the most profound changes to businesses in our lifetimes.
Impacts on products and services, supply chains, loss of asset values and market dislocation are already being caused by more frequent and severe climate-related events. These effects are now compounded by the accelerating pace of policy and regulatory change as humanity recognises the challenge we face and the drastic and rapid actions we all must take in order to protect our planet and our own livelihoods.
Discover how to think through the challenges and futureproof your business through learning, interviews and resources.
The time to act is now!
Supported by
Learning
Context / Awareness
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Why climate change is an issue for humanity
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Why climate change is a current issue for business
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Why it’s time for businesses to adapt
Implementation
Interviews
Perspectives from drivers of climate action
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Perspectives from drivers of climate action: Dr Emily Shuckburgh
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Perspectives from drivers of climate action: Russell Picot
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Perspectives from drivers of climate action: Julie Baddeley
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Perspectives from drivers of climate action: Emily Farnworth
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Perspectives from drivers of climate action: Jo Paisley
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Perspectives from drivers of climate action: Hans Hoogervorst
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Perspectives from drivers of climate action: Catherine Howarth
Links to additional resources
- Deloitte, A closer look - Climate change
- Deloitte, Board briefing on the new section 172(1) statement
- Deloitte, Need to Know - Energy and carbon reporting requirements enacted
- Deloitte, Annual report insights 2019: Surveying FTSE reporting
- Investor groups call on companies to reflect climate-related risks in financial reporting
- CDP, CDSB, GRI, IIRC and SASB, Statement of Intent to Work Together Towards Comprehensive Corporate Reporting
- FRC Financial Reporting Lab, Climate-related corporate reporting
- FRC, 2019 Annual Review of Corporate Reporting
- FRC’s Thematic Review on Impairment of Non-Financial Assets
- AASB, Climate-related and other emerging risks disclosures: assessing financial statement materiality using AASB Practice Statement 2
- AASB, Climate-related Risk and Financial Statements: Implications for Regulators, Preparers, Auditors and Users
- EC, Guidelines on reporting climate-related information
- CDP, Global Climate Change Report
- IFAC, Key Messages to the UN's COP 25 from the Accountancy Profession
- IFRS Standards and climate-related disclosures
- CDSB and CDP, EU Environmental Reporting Handbook
- WEF, Toward Common Metrics and Consistent Reporting of Sustainable Value Creation
- Larry Fink’s letter to CEOs and clients
- IPSASB Q&A document on climate change
- IAASB, Staff Audit Practice Alert on Climate-related risks
- Deloitte, The section 172(1) statement – observations from first reporters
- Deloitte, Annual report insights 2020: Surveying FTSE reporting
- FRC Thematic review on climate change reporting
- Deloitte, A closer look – Investor demand for corporate reporting in line with the Paris Agreement on climate change
- FRC, Section 172 statements - How to make them more useful
- IASB, Education Material - The effects of climate-related matters on financial statements
- CDP, CDSB, GRI, IIRC and SASB, Reporting on enterprise value - Illustrated with a prototype climate-related financial disclosure standard
- TCFD final report 2017
- TCFD status report 2019
- Deloitte, Thinking Allowed
- Deloitte, IFRS in Focus
- A4S, TCFD Top Tips booklet
- CDSB / SASB, TCFD Good Practice Handbook
- CDSB / SASB work on implementation of TCFD
- Ceres, Setting the Bar: Implementing the TCFD Recommendations for the Oil and Gas Industry
- PRI - Implementing the TCFD recommendations - A guide for asset owners
- Chapter Zero, NED Toolkit
- World Economic Forum (WEF): How to set up effective climate governance on corporate boards guiding principles and questions
- Science Based Targets
- Bank of England's climate-related financial disclosure 2020
- TCFD status report 2020
- UK Government, Green Finance Strategy
- FRC, Statement in response to Green Finance Strategy
- FCA, Feedback Statement Climate Change and Green Finance
- The 2018 Global Investor Statement to Governments on Climate Change
- Institutional Investors Group on Climate Change (IIGCC) voting guidelines
- Pension and Lifetime Savings Association (PLSA) voting guidelines
- Climate Action 100+ website
- ClientEarth website
- Carbon Tracker, Breaking the Habit
- CBI, The Low-Carbon 2020s – a decade of delivery
- Carbon Pricing Leadership Coalition: What is carbon pricing?
- Imperial College London, What is net zero emissions and how could it be achieved?
- FCA, Climate Financial Risk Forum guide
- IIGCC letter to EU leaders from investors on a sustainable recovery from COVID-19
- IIGCC, Addressing physical climate risks: key steps for asset owners and asset managers
- IIGCC, Understanding physical climate risks and opportunities – a guide for investors
- Climate Action 100+ calls for net-zero business strategies and sets out benchmark of largest corporate emitters
- IIGCC, Investor Expectations for Paris-aligned Accounts
- UK Government, TCFD Taskforce: Interim Report and Roadmap
- FCA, Policy statement PS20/17 - Proposals to enhance climate-related disclosures by listed issuers
- Deloitte, Climate scenarios and consumer business: Four futures for a changing sector
- Deloitte, Goal 13 Impact Platform: emerging findings
- ICAEW resources and materials on climate change
- HRH The Prince of Wales’s Message to World Congress of Accountants 2018
- CPA Canada resources on adapting to climate change, including questions directors should ask
- WBCSD’s project on climate and energy
- BSR, Climate change and supply chain the business case for action
- Chapter Zero, Toolset
- Chapter Zero, Resources
- Deloitte, Climate change: no longer the elephant in the room
- Deloitte, Financial Markets Regulatory Outlook 2019
- Network for Greening the Financial System (NGFS)
- A new horizon: speech by Mark Carney, Governor of the Bank of England, March 2019
- GARP, climate Risk Management at financial firms: A good start, but more work to do
- GARP, climate Risk Management at financial firms: Challenges and opportunities
- PRA supervisory statement SS3/19 - Enhancing banks’ and insurers’ approaches to managing the financial risks from climate change
- IMF, Fiscal Monitor: How to Mitigate Climate Change
- UNEP FI, G20 Energy Efficiency Finance and Investment 2019 Stocktake Report
- The Road to Glasgow, Speech by Mark Carney, Finance Adviser to the Prime Minister for COP26
- BNEF Executive Factbook Power, transport, buildings and industry, commodities, food and agriculture, capital
- Deloitte, A new choice: Australia's climate for growth
- The Intergovernmental Panel on Climate Change
- Corporate edit of the Netflix Our Planet series
- BBC Climate change the facts documentary
- International Energy Agency page on climate change
- United Nations page on climate change
- Committee on Climate Change, 2019 Progress Report to Parliament
- Committee on Climate Change, UK Climate Change Risk Assessment 2017
- European Environment Agency, Climate Change, Impacts And Vulnerability in Europe 2016 (2017)
- World Economic Forum Strategic Intelligence
- Climate Crisis Briefing – Bringing climate change on to the board agenda event (13 September 2019)
- Climate Crisis Briefing – Climate change risks and opportunities, scenario analysis and strategy (14 October 2019)
- Climate Crisis Briefing – Financial statement impact and narrative reporting in the annual report (6 December 2019)
- Climate Crisis Briefing – Veronica Poole speaking about climate change reporting (6 December 2019)
- Climate change response: The impact on the audit and risk committee
- Climate Crisis: Mark Carney on the role of the board in transition to net zero
- Moving towards a global vision for connected standard setting
- Accelerating the response to climate change leadership and momentum
- The financial impacts of climate change the time to act is now
- Climate change - the case for business regulation
- BlackRock calls for enhanced disclosures this year in the face of climate urgency
- Deloitte, How consumer behaviour is embracing sustainability
- Deloitte, Climate change - keeping up the momentum
- Ground breaking steps towards a comprehensive corporate reporting system
- Deloitte, Purpose-driven Business Reporting in Focus - Progress towards a comprehensive corporate reporting system
- Deloitte, Purpose-driven Business Reporting in Focus - Building momentum towards comprehensive global standards
- Deloitte, Purpose-driven Business Reporting in Focus - Progress in climate-related reporting to meet investor expectations
- Deloitte, Purpose-driven Business Reporting in Focus - New Prototype Climate-related Financial Disclosure Standard
Key contacts
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Veronica Poole
UK Head of Accounting and Corporate Reporting, Deloitte
+44 (0)20 7007 0884
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Sam Baker
Partner, Deloitte Monitor, Technology, Media & Telecommunications, Deloitte
+44 (0)20 7303 7016
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Mike Barber
Partner, Sustainability Services, Deloitte
+44 (0)20 7007 3031
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Alison Dundjerovic
Technical Manager, Financial Reporting Thought Leadership, ICAEW
+44 (0)20 7920 8502
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Nigel Sleigh-Johnson
Head of Financial Reporting, Audit and Assurance, ICAEW
+44 (0)20 7920 8793
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