WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company has published the latest edition of its Climate Reporting Comparative Table. The report provides a comprehensive review of climate-related financial disclosure requirements across key global jurisdictions. It highlights the intersections and differences between important frameworks, including:
- The International Financial Reporting Standards’ (IFRS) International Sustainability Standards Boards’ (ISSB) S1 and S2,
- the Financial Stability Board’s (FSB) Task Force on Climate-related Financial Disclosures (TCFD),
- the Securities and Exchange Commission (SEC) climate rule to standardize climate-related disclosures for investors in the US,
- the EU’s Corporate Sustainability Reporting Directive (CSRD) alongside the EU Taxonomy common classification scheme for sustainable economic activities.
This resource will be showcased alongside WTW’s suite of climate risk management tools during the FERMA Forum 2024, taking place 20-22 October in Madrid. The table offers valuable insights to help organizations align their internal reporting processes with evolving global standards, manage climate-related risks and opportunities, and plan for upcoming compliance requirements. Additionally, it serves as a communication tool to engage with stakeholders, including investors and regulators, on climate-related disclosures.
Peter Carter, head of climate practice & head of captive and insurance management solutions, WTW said: “Our climate reporting comparative table was designed to help corporations navigate what is a complex regulation framework and assist them in effectively tracking activities. We believe it is essential to look beyond mere disclosure and actually utilize resources such as diagnostic and quantification tools to aid the climate risk management process. The core message is clear: to successfully deliver your net-zero or transition commitments, you must model the associated risks. As brokers, we are always willing to support clients looking to achieve meaningful results in this arena. In-person opportunities, such as FERMA, are key to growing our understanding about client challenges and we look forward to sharing our climate risk management tools.”
The full report can be downloaded here.