IASB Conference 2022 – Reporting the Effects of Climate Risk

The second day of the 2022 conference featured a panel discussion on the financial reporting of the effects of climate risk. IASB member Nick Anderson was in the chair, and the four panel members were drawn from investors, regulators, preparers (industry), and auditors. Despite their differing perspectives, there was a general consensus between them, notably when they largely agreed that IASB standards are fit for the purpose of capturing the effects of climate risk in the recognition, measurement, and disclosures of financial information.