News
IFAC & WMBC Demystify GHG Reporting at Climate Week NYC Event
01-Oct-2023
The role of accounting and finance professionals in GHG reporting will be explored in virtual event
NEW YORK- Mandatory greenhouse gas (GHG) emission disclosures are on the way in various jurisdictions, and fortunately, meeting the evolving GHG reporting standards may not be as expensive or difficult as some companies fear. When it comes to GHG emissions accounting, sustainability reporting can function as an extension of existing financial reporting, and companies of any size can take immediate steps to ensure their data is in order and that they are reporting robust information when the new standards and rules go into effect.
To explore aligning GHG emissions accounting with financial reporting systems and processes to deliver decision-useful GHG reporting, the International Federation of Accountants (IFAC) and the We Mean Business Coalition (WMBC) present a Climate Week NYC event, Achieving Investor-Grade GHG Reporting: The Role of Accounting and Finance Professionals. Experts discussed their experiences, challenges, and best practices in collaborating with sustainability professionals and others to improve GHG reporting that satisfies both organizational and investor needs.
The panel discussion was moderated by Stathis Gould, Director, IFAC and featured:
• Eugene Brink, Vice President, Finance Transformation, GE Vernova
• Jimmy Greer, ESG Specialist, Datamaran
• Mike Harris, ESG Services Leader at PwC Canada; Chair, Sustainability Assurance Committee, Auditing and Assurance Standards Board (AASB)
• Jane Thostrup Jagd, Director, Net Zero Finance, We Mean Business Coalition; Former Lead Compliance Officer at Maersk and Ørsted
• Elizabeth Seeger, Board Member, International Sustainability Standards Board (ISSB)
“Professional accountants and finance professionals play a crucial role in providing decision-useful and trusted GHG reporting to management and capital markets,” said Kevin Dancey, IFAC CEO. “With an integrated mindset that connects financial and emissions data, accountants advance progress towards our most urgent shared goal: achieving climate commitments.”
WMBC
A global nonprofit coalition working with the world’s most influential businesses to take action on climate change.
WMBC catalyzes business leadership to drive policy ambition and accelerate the transition to a low-carbon economy.
WMBC mission is to ensure that the world economy is on track to avoid dangerous climate change while delivering sustainable growth and prosperity for all.
Source: www.ifac.org