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- Enhanced Clarity: KPMG’s new hub aims to clarify climate-related financial reporting for companies.
- Comprehensive Resources: The hub offers FAQs, podcasts, and videos, with regular updates and expansions.
- Investor Confidence: Emphasizes the importance of clear, connected climate and financial reporting to meet investor and regulator expectations.
KPMG Launches Clear on Climate Reporting Hub for Corporate Transparency
Climate change is driving increased scrutiny of financial reporting from stakeholders, including regulators, investors, and the public. They demand clarity on how companies report climate-related matters, such as net-zero commitments.
KPMG has responded by launching its Clear on Climate Reporting Hub, offering insights and guidance to help organizations and their stakeholders understand climate transparency in corporate reporting.
Covering key reporting issues through FAQs, podcasts, and videos, the hub is the go-to resource for companies seeking to clearly communicate the financial implications of climate-related matters. Resources will continuously grow and refresh, with a new emissions section coming soon.
Larry Bradley, Global Head of Audit at KPMG International, stresses the materiality of climate risks:
“Most, if not all, companies are facing risks arising from the physical effects of climate change and the transition to a lower-carbon economy. They should consider whether these matters are material to the financial statements and ensure users can understand the impact of climate.“
Investors and regulators want clarity and connectivity between financial and sustainability performance. Companies must address climate in their financial statements today, ensuring compliance with relevant requirements and transparency about policies and judgments. Connecting all climate-related information in corporate reporting is crucial.
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Brian O’Donovan, Global IFRS and Corporate Reporting Leader at KPMG International, supports the hub’s role in aiding companies:
“The Clear on Climate Reporting Hub is designed to help companies navigate the complexities of climate-related financial reporting and ensure they meet stakeholder expectations.“
Access the Clear on Climate Reporting Hub here.