The United States Securities and Exchange Commission (SEC) and the Canadian Securities Administrators (CSA) have proposed new rules that would require public companies to disclose climate-related information in their periodic financial filings.
Based upon the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), both requirements would be critical for directors and would have significant impact on boardroom governance, controls and procedures over climate risks, and opportunities. Further, boards would need to disclose their climate related strategy and risk management processes, metrics and targets, and how this responsibility is allocated.
As these rules are revised, finalized and adopted, directors need to be prepared and ensure they understand how this impacts their fiduciary duty, that they have the necessary skills and competencies to properly oversee climate-related risks and opportunities, and understand what resources their organizations need to devote to ensure they are properly disclosing their financial reporting requirements.
The webinar will guide participants to understand the following:
The critical elements of the climate-related disclosure rules most important for boardrooms
How the new disclosure rules will impact oversight of strategy, risk and financial disclosure reporting requirements
How the rules differ between US and Canada and what this means for cross-border issuers
How the ISSB proposals might impact the proposed SEC and CSA rules
What opportunities this provides organizations as they transition and adopt to the new disclosure reality
11 сен 2024
