Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As such, Origin is using the framework recommended by the Financial Stability T Board's Taskforce on Climate-related Financial Disclosures (TCFD) for governance oversight and reporting

image text in transcribed
As such, Origin is using the framework recommended by the Financial Stability T Board's Taskforce on Climate-related Financial Disclosures (TCFD) for governance oversight and reporting of our climate change risks. In reference to the comment below, explain what motivates corporations to report on sustainability matters according to the Task Force on Climate-related Financial Disclosure (TCFD) guidelines " Demand for better disclosure of sustainability information is urgent. Many stakeholders acknowledged that delays to global coherence, most pressingly on climate-related disclosures, will increase the threat of fragmentation and consequently cause difficulties in engaging capital markets to smooth the transition to a low-carbon economy." Dr Shamsun Nahar | Source: IFRS Foundation, Consultation Paper on Sustainability Reporting, September 30, 2020, p.7) 6 marks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial And Managerial Accounting

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

6th Edition

0134486838, 978-0134486833

More Books

Students also viewed these Accounting questions

Question

Values: What is important to me?

Answered: 1 week ago