Accounting for Climate Change: Strategies for Australian Companies

This report investigates the role of integrated financial reporting in addressing the risks associated with climate change. It examines the limitations of traditional corporate reporting and how integrated reporting (IR) can provide a more effective approach to corporate reporting. The report delves into corporate governance's role in managing climate-related risks and highlights the importance of meaningful risk disclosure. It explores various voluntary reporting frameworks, including the Climate Disclosure Standards Board (CDSB) and the International Integrated Reporting Framework, discussing their advantages and benefits. The report emphasizes the integration of sustainability into IR and its impact on stakeholders. Furthermore, it addresses the benefits and challenges of integrated reporting, including how it enhances corporate reputation and transparency. Finally, it highlights the role of GRI sustainability reporting and its contribution to a more sustainable global economy.