A report launched in February this year which should be of interest to EFFAS members and especially those concerned with ESG is “How to improve climate-related reporting: A summary of good practices from Europe and beyond” It is the result of collaboration between European preparers, users and other stakeholders within the Project Task Force on Climate-related Reporting (PTF-CRR), and it consists of a main document and two supplements. Andrea Gasperini a member of the EFFAS CESG Commission on Environment, Social and Governance and of the Italian Association for Financial Analysis (AIAF) was part of this task force.
It is the output of the first project of the European Lab on climate-related reporting, in support of the practical application needs of European corporate reporting stakeholders.
The primary focus of the PTF-CRR was on identifying good reporting practices and assessing the level of maturity in the implementation of the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, while also taking into consideration the climate-related reporting elements of the EU Non-financial Reporting Directive and the related European Commission non-binding guidelines.
The project looks at two areas: a general review of climate-related disclosures (detailed findings documented in Supplement 1), and an in-depth review of scenario analysis reporting (detailed findings documented in Supplement 2). The main document outlines the key messages and synopsis of the findings, based on the content of its two supplements.
The full report can be accessed here.
At EFFAS we feel that our CESGA Programme provides the training and practise for our Certified ESG Analysts to provide all the information required on integrated sustainability and climate risks and opportunities from a governance perspective.
Find out more about the EFFAS Certified ESG Analyst CESGA here.
EFRAG has also published a short video of the European Lab and its activities.