How Enterprises Integrate Climate Investment and Financing Information Disclosure into Financial Statements:Based on Double Pespectives of ISSB and SEC
Since the proposal of the Paris Agreement in 2015,it has asked various countries to control the global average temperature rise within 2 degrees Celsius higher than before the industrial revolution and strive to limit it to 1.5 degrees Celsius.Climate finance has become one of the widely discussed topics in the financial industry.Understanding climate risks and disclosing climate information well are not only inherent requirements for sustainable development of enterprises themselves,but also a"bottom-up"international climate information trend.To assist businesses in assessing climate-related matters,risks,and opportunities,and response to the requirement to establish a globally unified benchmark for climate-related financial information disclosure,the International Sustainable Development Standards Board(ISSB)issued the General Requirements for Disclosure of Sustainability-Related Financial Information(Draft)(IFRS S1)and Climate-Related Disclosure(Draft)(IFRS S2)in March 2022.In the same year,the U.S.Securities and Exchange Commission(SEC)also released the Enhancement and Standardization of Climate-Related Disclosures for Investors(SEC Draft)in March.At this point,this article will conduct a convergence analysis based on the information disclosure drafts proposed by the ISSB and SEC,and explore how enterprises integrate climate information disclosure into their financial statements.This will have practical significance for enterprises to improve climate adaptability and reduce disclosure costs.
climate investment and financinginformation disclosureISDS and SEC Draftsfinancial statements
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