W111: Government Financial Reporting on Climate-Related Financial Risk
- Room: Platinum 3-4
- Session Number:W111
Wednesday, July 20, 2022: 1:00 PM - 1:50 PM
Description
Climate-related financial risk has become a prominent issue for many public and private sector organizations. Examine examples of federal and state government assessments of and reporting on this important element of risk.
Key Take-aways
• Climate change is a critical factor in strategic, organizational and financial risk in the public and private sectors and in both domestic and international
organizations.
• U.S. and international standards-setters and policy organizations, including the Task Force on Climate-Related Financial Disclosures and the International
Sustainability Standards Board, are moving toward a framework to assess and report on climate-related financial risk.
• Reporting entities already use the framework to enhance accountability and transparency in response to climate change challenges and risks.
Learning Objectives
Gather information on administrative actions and executive orders that increased emphasis on climate-related risk. Learn how standards-setters help reporting entities communicate the financial risks of climate change. Understand how these efforts fit in a domestic and international climate risk assessment and reporting framework and how some reporting entities are using it.