Sustainability And Climate Reporting: The Ultimate Guide

Sustainability, Climate, Reporting, financial disclosures, TCFD, IFRS S1 and IFRS S2, CSRD, EU Sustainability reporting

What you'll learn

Students will learn the evolution of sustainability and climate reporting requirements since the Exxon Valdez oil spill to the current laws and regulations.

Be able to understand and explain the difference between voluntary and compulsory reporting and how companies report in practice.

Understand what science based targets are and how to set them.

Understand the accounting for scopes 1,2 and 3 and how to disclose these items.

Requirements

You need to be aware of the latest international agreements on climate change from the IPCC regarding the Paris Agreement 2015 and what countries have committed to do in the COP meetings since then. A little bit of research and pre-course reading would be beneficial. If you have seen another training course on climate science for example it would stand you in good stead before you do this course.

Description

This training course is entitled Sustainability and Climate Reporting, the ultimate guide. I have called it that because I have spent a few hundred hours of my time researching the area of reporting and decided to include all the relevant topics that a person who is new to this area would expect. I tried to avoid covering too much technical knowledge to make this training course digestible for everyone in all the different activities in the world of government, non-government and corporate organisations that need to report on how they are tackling sustainability and climate issues.There are three parts to this training course:Part 1 is entitled building blocks. This is where I cover the individual components of sustainability and reporting since environmental reporting started after the Exxon Valdez oil spill in 1989.Part 2 covers the developments in reporting since 2017 when the Task Force on Climate-related financial disclosures published its report and recommendations. I then move on to cover more recent events when in June 2023 the International Financial Reporting Standards Foundation’s International Sustainability Standards Board published IFRS S1 on sustainability-related financial disclosures and S2 on climate-related financial disclosures. At the same time, the Sustainability Accounting Standards Board, in addition to its existing 77 standards on sustainability-related financial disclosures also published its industry guidance document for IFRS S2, and also become part of the International Sustainability Standards Board under the IFRS Foundation family.In Part 3, is entitled Sustainability and climate-related reporting 2024 to 2025. In this part I will cover the following three topics: 1) The European Union’s Corporate Sustainability Reporting Directive or CSRD, 2) the Task Force for Climate-related disclosures final report and 3) a look to the future and what it might hold on this important area of activity.The main purpose of this training course is to explain the sustainability-related and climate-related reporting requirements of all the world’s major international associations and regulators and give you some examples of how these international standards have been implemented in individual countries and regional jurisdictions.In conclusion, there has been a lot of progress on this subject in the last two to three years and we are at a stage where global standards of best practice have emerged as well as a lot of voluntary, and some compulsory, reporting standards. These are currently being implemented in some jurisdictions in accordance with newly enacted, legally binding, laws and regulations and, as a chartered accountant as well as risk manager, I wanted to contribute to these efforts through the domain of education, hence making this training course for everyone who are either merely interested, or those of you already working or about to start working, on this vast subject.I hope you enjoy this training course and look forward to hearing from you regarding your feedback about the material.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Part 1: Building Blocks

Lecture 2 2. Part 1 Building blocks structure

Lecture 3 Section 1.1.1 Exxon Valdez and Ceres

Lecture 4 Section 1.1.2. Valdez principles

Lecture 5 Section 1.1.3 Remembering Joan Bavaria

Lecture 6 Section 1.1.4.1 History of the various entities and timeline to IFRS

Lecture 7 Section 1.1.4.2 Animation of history and timeline to IFRS

Lecture 8 Section 1.1.5. ISSB launch of IFRS S1 and S2, June 2023

Lecture 9 Section 1.1.6. GRI Overview

Lecture 10 Section 1.1.7. GRI Sector standards

Lecture 11 10. Section 1.2.1. Sustainability Accounting Standards Board and Hang Seng Bank

Lecture 12 11. Section 1.2.2. HOLCIM's SASB disclosure

Lecture 13 12. Section 1.2.3. SASB overview by SASB

Lecture 14 13. Section 1.3.1. The Greenhouse Gas Protocol Part 1

Lecture 15 14. Section 1.3.2. The Greenhouse Gas Protocol Part 2

Lecture 16 15. Section 1.3.3. Greenhouse Gas Protocol: what it means for a business

Lecture 17 16. Section 1.4.1. The Science Based Targets initiative

Lecture 18 17. Section 1.4.2 SBTi by Volvo

Lecture 19 18. Section 1.5.1. CDP overview

Lecture 20 19. Section 1.5.2. CDP: emitters should disclose their environmental impact

Section 3: Part 2: TCFD, IFRS and TNFD

Lecture 21 20. Part 2 TCFD and IFRS Introduction

Lecture 22 21. Section 2.1 TCFD

Lecture 23 22. 2.2.1 IFRS S1 Introduction

Lecture 24 23. 2.2.2. IFRS S1 objective to scope

Lecture 25 24. 2.2.3 IFRS S1 Conceptual Foundations

Lecture 26 25. 2.2.4 IFRS S1 Core Content: Governance and Strategy (part 1)

Lecture 27 26. 2.2.5 IFRS S1 Core Content: Strategy (part 2)

Lecture 28 27. 2.2.6 IFRS S1 Core content: Strategy (part 3), Resilience, Risk Management+

Lecture 29 28. 2.2.7 IFRS S1: Sources of Guidance. SASB standards.

Lecture 30 29. 2.2.8 IFRS S2: Objective and Scope

Lecture 31 30. 2.2.9 IFRS S2: Core Content: Governance and Strategy (part 1)

Lecture 32 31. 2.2.10 IFRS S2: Strategy (part 2), Resilience and Climate Scenario Analysis

Lecture 33 32. 2.2.11 IFRS S2: Risk Management

Lecture 34 33. 2.2.12 IFRS S2: Metrics and Targets

Lecture 35 34. 2.2.13 IFRS S2: Industry Guidance

Lecture 36 34.1 2.2.14 IFRS S1 and S2 Conclusion

Lecture 37 35. 2.3.1 Task Force on Nature-related Financial Disclosures

Lecture 38 36. 2.3.2 TNFD Planetary Boundaries Analysis

Lecture 39 37. 2.3.3 TNFD Case study and Early Adopters

Lecture 40 38. 2.4 Part 2 conclusion

Section 4: Part 3 Sustainability and Climate Reporting, Target 2024-2025

Lecture 41 39. Part 3 structure and introduction

Lecture 42 40. 3.1.1. European Green Deal and EU's Climate Law

Lecture 43 41. 3.1.2. European Climate Law press release speech

Lecture 44 42. 3.1.3. EU Reporting evolution

Lecture 45 43. 3.1.4. CSRD Article 19_ sustainability reporting

Lecture 46 44. 3.1.5. CSRD Article 19 part 1

Lecture 47 45. 3.1.6. CSRD Article 19 part 2

Lecture 48 46. Section 3.1.7. CSRD's Double Materiality test

Lecture 49 47. Section 3.1.8 European Sustainability Reporting Standards (ESRS)

Lecture 50 48. 3.1.9 TCFD reconciliation to ESRS

Lecture 51 49. 3.1.10 IFRS reconciliation to ESRS

Lecture 52 50. 3.1.11 Impact Reporting and CSRD conclusion

Lecture 53 51. 3.2.1 The Near Future

Lecture 54 52. 3.2.2 TCFD, IFRS S1 and S2 and Local Laws

Lecture 55 53. 3.2.3 TCFD 2023 status report

Lecture 56 54. 3.2.4 Target 2024-2025 and beyond

Lecture 57 55. 3.2.5 Bangladesh Bank's approach

Lecture 58 56. 3.2.6 United Kingdom's approach

Lecture 59 57. 3.2.7 United States of America's approach

Section 5: Conclusion

Lecture 60 58. Course Conclusion

Beginners to the sustainability and climate reporting subject are the focus of this course. You may already work in a reporting team on general disclosures or are studying finance at University or are working in general business services, an NGO or government services. So, I have designed this course to appeal to all of you.