The International Accounting Standards Board should be commended for its latest guidance on how companies should incorporate material climate risk into financial reporting, according to Natasha Landell-Mills, head of stewardship at Sarasin and Partners. "This is a vital step in ensuring financial flows are aligned with the Paris Agreement's goals of keeping global warming well below 2C, with an aim of 1.5C," she says. "Critically, the paper emphasises materiality is not merely an assessment by incumbent directors of their view of the quantitative impact. Directors must regard whether ...
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