AGM season to focus on quantifying climate impacts within company accounts

The Investment Association has identified "accounting for climate change" as a critical focus area for AGM season in 2023. 

In its annual Shareholder Preferences report, the IA said: "When companies do not take climate-related matters into account, their financial statements may include overstated assets, understated liabilities and overstated profits." In 2022, the investment manager trade body found just 52% of companies incorporated the financial impact of climate-related risks into their financial accounts, with audit committees within this group rarely making a statement to confirm this.  Fed chair argues for limited role of bank on climate change The body acknowledges the industry still awaits a g...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

PIMFA calls for a year delay to SDR portfolio management rules
ESG

PIMFA calls for a year delay to SDR portfolio management rules

Not enough time for firms

Isabel Baxter
clock 17 June 2024 • 3 min read
CCLA's James Corah: Going beyond the portfolio to address systemic issues
ESG

CCLA's James Corah: Going beyond the portfolio to address systemic issues

Rethinking engagement

James Corah
clock 12 June 2024 • 5 min read
Fidelity's Atkinson: Blue bonds are growing in popularity but challenges remain
ESG

Fidelity's Atkinson: Blue bonds are growing in popularity but challenges remain

'Still a very small market'

clock 11 June 2024 • 2 min read
Trustpilot