Climate-Related Disclosure Reporting
Organizations are increasingly expected to disclose climate-related financial information, including Scope 1 and Scope 2, and, in some jurisdictions, Scope 3 emissions, while also addressing their approach to managing climate-related risks and opportunities.
Globally, frameworks and standards for climate-related disclosures, such as those developed by the International Sustainability Standard Board (ISSB), the Canadian Sustainability Standard Board (CSSB), and the European Union Corporate Sustainability Reporting Directive (CSRD), seek to enhance transparency and accountability. These standards have broad implications for organizations operating in key regions, including Canada, the United States, and Europe.
Proactively addressing climate-related risks and opportunities not only supports compliance, but also strengthens your social license to operate, promotes strategic resource allocation, enhances operational efficiency, unlocks access to new markets, and secures capital while preparing for evolving regulatory landscapes that may shape future operations.
What are the reporting requirements?
As global expectations for transparency grow, organizations are increasingly required to disclose material sustainability-related financial information, with an initial focus on climate-related matters. The International Financial Reporting Standards (IFRS) S2 and Canadian Sustainability Disclosure Standards (CSDS) 2, guided by the Task Force on Climate-Related Financial Disclosure’s (TCFD) pillars of governance, strategy, risk management, and metrics and targets, provide a framework to help organizations disclose material climate-related information. By doing so, organizations enable investors and stakeholders to understand the financial impacts of climate-related risks and opportunities.
Key climate disclosure requirements include:
- Identification of climate-related risks and opportunities that could impact the organization’s business model, strategy, and financial position.
- Activities to mitigate or adapt to these risks and leverage opportunities.
- Governance structure and oversight, including the board of directors’ and management’s roles in addressing climate-related issues.
- Climate-related targets and metrics, including progress toward these targets.
- Disclosure of Scope 1, Scope 2, and, where relevant, Scope 3 emissions in line with industry-specific standards.
Streamlining Reporting Standards and Metrics for Your Industry
Each company has unique material sustainability and climate-related information that reflects their specific risks, opportunities, and stakeholder expectations.
By focusing on material topics specific to your industry and geography, we help streamline disclosures and meet stakeholder expectations effectively. Leveraging frameworks and standards, including the TCFD, IFRS, ESRS, CSDS, SASB, and key elements of GRI, we support companies in prioritizing, tracking, and disclosing the most relevant climate and sustainability information for their business model, operations, and market environment.
By aligning disclosures with global best practice, we deliver reporting that is actionable, impactful, and tailored to your unique business environment.
We work with you to identify relevant metrics and key performance indicators that enable the effective evaluation and assessment of climate-related risks and opportunities. Integrating these insights into your risk reduction strategies and management plans, we help ensure data-driven decision-making tailored to your organization’s unique regulatory or voluntary reporting needs.
Actioning Your ESG Goals
With clients predominantly in the natural resource sector, we thoroughly understand the industry’s prevalent ESG and economic issues. Our experience delivering sustainable business practices and commercializing leading-edge innovation can help you realize your pathway to a lower-carbon future.
Whether we support you with managing water efficiently, lowering emissions, reducing environmental impact, or developing social improvement plans, all actions can contribute to your ESG strategy and energy transition roadmap.
- Go beyond reporting and implement real-world innovation that supports your emissions reduction targets and strategies.
- Identify practical opportunities with our technical, regulatory and emissions specialists, engineers, and ESG advisors.
- Build a sustainable advantage with engineering recommendations from our fully-integrated support team
