Date posted: 30/10/2019 3 min read

CDSB launches climate-related financial disclosure e-learning platform

The courses are designed to accelerate implementation of TCFD recommendations

In brief

  • E-learning courses are suitable for companies, investors and finance professionals and are CPD accredited
  • They are designed to help organisations fill the knowledge gap and enhance disclosures of climate-related information
  • CDSB and SASB highlight good practice in TCFD disclosures from across the G20 in Good Practice Handbook

The Climate Disclosure Standards Board (CDSB) has launched a climate-related financial disclosure e-learning platform to help organisations enhance their disclosures of climate-related information.

Hosted on the TCFD Knowledge Hub, the e-learning courses will be CPD accredited and suitable for companies, investors and finance professionals. The courses feature insights from leading organisations including Unilever, Aviva Investors, ICAEW and Japan’s Financial Services Agency and are self-paced, activity- and video-based.

The launch of the e-learning courses comes after the Task Force on Climate-related Financial Disclosures (TCFD) published its second Status Report in June, which notes that disclosures remain far from the scale needed, even though they have improved.

In Australia, the Australian Prudential Regulatory Authority (APRA), the Australian Securities and Investments Commission (ASIC), and the Reserve Bank of Australia (RBA) have encouraged businesses to consider reporting voluntarily under the TCFD framework. 

Directors should be able to demonstrate that they have met their legal obligations in considering, managing and disclosing all material risks that may affect their companies

In August 2019, ASIC commissioner John Price said, “While disclosure is critical, it is but one aspect of prudent corporate governance practices in connection with the mitigation of legal risks. Directors should be able to demonstrate that they have met their legal obligations in considering, managing and disclosing all material risks that may affect their companies. This includes any risks arising from climate change, be they physical or transitional risks.” 

The courses, which have been developed based on insights from industry experts, offer tools to help build knowledge and offer guidance on how to implement the TCFD recommendations. The varied content caters for a range of audiences, from those who are new to climate-related financial reporting to those who want to build on their existing skillsets. 

The first course is an introduction to climate-related disclosure. Users can learn about the key components that make up the corporate reporting landscape, including the audience, channels and the types of information that should be disclosed. Course two focuses on the TCFD recommendations in more detail. Course three tackles the role of accountants in risk management, financial planning and the application of accounting principles to the disclosure of climate-related information.

The first three courses are available on the TCFD Knowledge Hub and more courses will be offered over the coming months.

To view the e-learning courses, visit: https://learn.tcfdhub.org/

TCFD Good Practice Handbook: 

CDSB and the Sustainability Accounting Standards Board (SASB) have created the TCFD Good Practice Handbook that identifies good practices in implementing the TCFD recommendations. The examples are drawn from across the G20 and reflect disclosures across the four core elements of governance, strategy, risk management and metrics and targets. 

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