World Accounting Report
Climate change and IFRS
The IASB has recently responded to requests for more guidance on how the effects of climate change should be reflected in
financial statements by publishing some educational material. The document contains a table setting out references to a number
of standards which contain requirements relevant to this area. This area is highly topical at present because the link between
information about climate change and the financial performance and position of a company is crucial, and forms a part of the
growing demand for better disclosures about climate-related matters.