- Results of EY’s global barometer on climate-related financial disclosures If GHG emissions from our economic activity follow the current path, there is some certainty that by the end of the century, the increase in global average temperature will exceed 4 degrees Celsius. If, on the other hand, we manage to keep the increase to below 2 degrees as expressed in the Paris Agreement, will we need to fundamentally rethink many aspects of our economic activity? Either way, business and investors will have to face up to the financial impacts of climate change.
The TCFD Recommendations provide a reporting framework for climate risks that can be integrated with current financial reporting disclosures. They aim to improve an investors’ understanding of the impact of climate risks on different corporations and reduce the risk of a systemic financial shock to the economy.
More than 500 companies worldwide already follow the TCFD’s Recommendations. Some Canadian companies are leading the way and have already assessed and disclosed their climate risk. How do Canadian companies compare to companies in other markets? EY will present the results of its recent global barometer on climate-related financial disclosures and will invite a panel of practitioners to share their experience with the TCFD Recommendations.
- Assessing and disclosing climate-related financial risks: BELL’s approach Catherine will present Bell’s approach to assessing and reporting financial risks and opportunities related to climate change. She will also discuss the TCFD Recommendations from her perspective as an actuary.
- Presentation 3 (Coming soon)