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The PRI, in collaboration with the Climate Accounting and Audit Project (CAAP), published a response to the International Accounting Standards Board (IASB) consultation proposing eight examples to illustrate how companies should apply IFRS Accounting Standards when reporting the effects of climate-related and other uncertainties in the financial statements.

The examples do not add to or change the requirements in IFRS Accounting Standards, but instead provide guidance on how the requirements in the Standards should be applied to provide investors with better information about climate-related risks and other uncertainties.

Our response welcomes the proposed guidance and advocates for its uptake by the market, before diving into more technical recommendations.

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