Climate-related Financial Disclosures Maturity Map 🌎 Climate-related disclosure is becoming a core expectation in corporate reporting. IFRS S2 introduces a clear structure for reporting climate-related risks, opportunities, and financial impacts, setting a new benchmark for transparency and accountability. The Maturity Map offers a structured view of the required disclosures across governance, strategy, risk management, and metrics. It supports organizations in identifying current gaps and planning the necessary improvements to align with regulatory expectations. In governance, disclosures must define the roles and responsibilities of both the board and management. This includes oversight of climate-related targets, integration into decision-making, and alignment with internal control frameworks and remuneration structures. Strategy disclosures should address how climate risks and opportunities affect business models, financial planning, and strategic direction. A credible transition plan, informed scenario analysis, and clarity on time horizons are essential elements. Risk management requires a clear explanation of how climate risks are identified, assessed, and prioritized. This process must be embedded within the broader enterprise risk framework and supported by appropriate data sources and criteria. Metrics and targets must include comprehensive data on greenhouse gas emissions across scopes, methodologies used, and progress toward defined goals. Disclosures should also reference internal carbon pricing, capital allocation, and external validation of targets. The Maturity Map is designed to guide finance and sustainability teams through the organizational shifts required to deliver complete and decision-useful reporting in alignment with IFRS S2. This tool complements the IFRS S2 standard and supports alignment with cross-industry and sector-specific metrics. Effective use of the Maturity Map can accelerate preparedness and improve the quality of climate-related financial disclosures. Source: Accounting for Sustainability (A4S) #sustainability #sustainable #esg #business #reporting
Structured data for credible climate action
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Summary
Structured data for credible climate action refers to organizing climate-related information in clear, standardized formats, making it easier for organizations and governments to track, report, and act on their environmental impact. This approach ensures transparency, accuracy, and trust in climate disclosures, helping businesses and policymakers make informed decisions for sustainability.
- Standardize reporting: Adopt frameworks and tools that categorize climate risks, greenhouse gas emissions, and policy actions using consistent structures for clear and credible communication.
- Build reliable systems: Collect, manage, and verify data through robust processes to ensure it is accurate, traceable, and suitable for audits and stakeholder trust.
- Enable informed decisions: Use structured databases and analytics to identify performance gaps, set realistic climate targets, and guide investments toward impactful climate initiatives.
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🌍 Taking Climate Action: Implementing 𝗜𝗦𝗢 𝟭𝟰𝟬𝟲𝟰-𝟭 for Transparent 𝗚𝗛𝗚 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 🌱 As organizations worldwide face increasing pressure to address climate change, understanding and managing greenhouse gas (GHG) emissions has never been more critical. ISO 14064-1 provides a robust framework for quantifying and reporting GHG emissions, helping organizations demonstrate their commitment to sustainability and transparency. Here’s a step-by-step guide to implementing ISO 14064-1 effectively: 1. Define the Purpose and Scope Why are you doing this? Whether it’s regulatory compliance, stakeholder communication, or internal carbon reduction goals, clarity on purpose is key. Set boundaries: Decide which parts of your organization to include and identify operational boundaries (Scope 1, 2, and 3 emissions). 2. Develop a GHG Inventory Plan Identify emissions sources: From fuel combustion to employee commuting, map out all activities contributing to GHG emissions. Choose methodologies: Select the right tools and emission factors to calculate your carbon footprint accurately. 3. Collect and Manage Data Gather activity data: Collect data on energy use, transportation, waste, and more. Ensure data quality: Accuracy and consistency are non-negotiable for credible reporting. 4. Calculate GHG Emissions Apply emission factors: Convert activity data into GHG emissions using standardized factors. Account for all scopes: Don’t forget Scope 3 emissions—they often represent the largest portion of your footprint! 5. Establish a GHG Inventory Management System Create policies and procedures: Build a system to manage your GHG data effectively. Train your team: Ensure everyone involved understands their role in the process. 6. Prepare the GHG Report Document your inventory: Summarize your findings and include all necessary details for transparency. Highlight key insights: Use the report to identify reduction opportunities and set actionable goals. 7. Conduct Internal Audits and Reviews Verify accuracy: Double-check your data and calculations to ensure compliance with ISO 14064-1. Address gaps: Correct any errors or inconsistencies before finalizing the report. 8. Seek External Verification (Optional but Recommended) Engage a third-party verifier: Independent verification adds credibility to your GHG report. Obtain a verification statement: This formal acknowledgment can boost stakeholder trust. 9. Communicate the Results Share your report: Publish your findings to demonstrate transparency and accountability. Use insights for action: Leverage the data to drive sustainability initiatives and engage stakeholders. 10. Continuously Improve Monitor progress: Track your performance against reduction targets. Stay updated: Keep up with evolving methodologies, regulations, and best practices. #Sustainability #ClimateAction #GHGEmissions #ISO14064 #CarbonFootprint #ESG #NetZero #GreenFuture
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Most sustainability reporting platforms today do the same thing: They help you check the box — and leave the real work to Excel. It’s the same pattern we’ve seen in financial software for decades: The tools generate a pretty output, but underneath, the actual data management is manual, fragmented, and unscalable. That’s exactly what’s happening in carbon accounting and sustainability reporting today. And here’s why that matters: • No traceable baseline means no defensible audits. • No structured historical data means no real insights. • No automation means teams are burning time — and capital — chasing disconnected numbers. If you can't trust the current state of your data, you can’t set targets that hold up. You can’t build a roadmap to those targets. And you can’t make a credible investment case when you eventually ask your CFO for funding. The real bottleneck isn’t ambition. It’s infrastructure. You can’t move capital, launch initiatives, or improve operational efficiency without sustainability data that is: • Accurate • Traceable • Verifiable • Structured Without that? Sustainability stays stuck in reporting. Not decision-making. Companies that get this right will have a clear starting point, clear targets, and the ability to move money toward projects that grow value — because they’ll have the data to back it up. The ones who don’t? They’ll keep losing time — and trust — one spreadsheet at a time.
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📢 The IFCMA’s Climate Policy Database Policy Instruments Typology and Data Structure has been published! This paper outlines a framework for a comprehensive database of climate change mitigation policy instruments, developed by the OECD's IFCMA. By systematically classifying and describing policy instruments across member countries, this database supports detailed analysis, comparison, and understanding of diverse mitigation approaches. The framework introduces a clear typology for categorising policies by their operating mechanisms and aligns with international reporting standards. Its aim? To enhance global collaboration on climate action, advance our understanding of mitigation strategies, and open new opportunities for empirical research. I'm proud to have been part of this initiative that paves the way for more harmonised and effective climate policies worldwide. Take a look and share your thoughts! 🌍 You can access it in this link: https://lnkd.in/eTrNUmih #ClimatePolicy #Sustainability #ClimateAction #OECD Britta Labuhn Miguel Cárdenas Rodríguez Rodrigo Pizarro Gariazzo Franziska Feldmann Gian-Luca Kaufmann
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Do you work on climate adaptation and nature-based solutions? Struggling to find the right resources to make a real impact? The Resilient Planet Finance Lab @UniofOxford's Adaptation and Nature Finance Toolkit can be helpful! This free resource provides useful information and tools to help policymakers and investors make decisions about climate resilience, nature, and the Sustainable Development Goals (SDG). The toolkit, created by the University of Oxford in collaboration with public and private sector partners, offers several tools, including: 📊 Climate Data 111+ is a comprehensive open-source database on climate hazards that helps researchers, policymakers, and others assess climate risk and build resilient infrastructure. 📊 Asset-level Data Sources: This guide will help you navigate the complex landscape of financial risk analysis by identifying open-source data on vulnerability and exposure. 📊 Taxonomies Database: To ensure that investors and regulators understand the growing number of adaptation taxonomies, provide clear explanations and comparisons. 📊 Adaptation Targets and Metrics: Align your investments with the latest adaptation and nature-related targets from leading standards bodies like ISSB and TCFD. 📊 Adaptation Plans and Corporate Performance: Discover how to incorporate adaptation planning into corporate transition plans and compare progress to relevant frameworks. 📊 Global Climate-Related Risk Analytics: Use the GRI Risk Viewer to identify spatial vulnerabilities and risks in various climate scenarios. This is an excellent resource for anyone involved in climate action, including policymakers, investors, NGOs, and businesses. Click on the link below to learn more.