KPMG IFRS’ Post

🔎 Investors are demanding ever more comprehensive disclosures on the impact of climate-related matters 📊 They’re expecting a company’s financial statements, management discussion and analysis (MD&A) and sustainability-related disclosures to provide a coherent, connected and integrated picture of the risks and opportunities facing the business 📎 Benchmarking banks’ climate-related disclosures in the 2023 reporting cycle. Read our analysis https://lnkd.in/e-GzfWbU KPMG Luxembourg | Chambourdon Stanislas | Pia Schanz | Marco Weber | Julie Castiaux | Alix Tchana

Investors are demanding ever more comprehensive disclosures on the impact of climate-related matters. They’re expecting a company’s financial statements, management discussion and analysis (MD&A) and sustainability-related disclosures to provide a coherent, connected and integrated picture of the risks and opportunities facing the business. Our latest analysis of the climate-related disclosures made by 35 selected banks as part of their 2023 reporting cycle shows that banks are responding to the demands for greater disclosure of climate-related information. They are now on a journey to connect the pieces together and create a narrative that is more meaningful and clear for their users. Our report focuses on five areas that are current or emerging areas and include financial reporting, financed and facilitated emissions, transition plans, assurance and nature-related risks.

An interesting read on how banks are enhancing their climate-related disclosures.

Benchmarking banks’ climate-related disclosures in the 2023 reporting cycle. Read our analysis https://lnkd.in/e-GzfWbU

Benchmarking banks’ climate-related disclosures in the 2023 reporting cycle. Read our analysis https://lnkd.in/e-GzfWbU

Benchmarking banks’ climate-related disclosures in the 2023 reporting cycle. Read our analysis

📢 Join us next week for the third and fourth joint NGFS-WWF webinars on how to approach and assess nature-related financial risks (meeting links below). 👥 These next 2 webinars are part of the series of webinars organized by #NGFS in collaboration with WWF providing an “Introduction on nature-related financial risks for central banks and financial supervisors”. ✔ This series of webinars are meant to be foundational with the objective to provide an understanding of what are nature-related financial risks and how they might impact the economy, financial system and financial institutions. ✔ In particular, the webinars will feature the NGFS Conceptual Framework for nature-related financial risks to guide action by Central Banks and Supervisors (https://lnkd.in/eKSBFD7q) ✔ They will also resemble the Asia Sustainable Finance Initiative (ASFI) Academy course “an introduction to nature-related risks for finance professionals” (https://lnkd.in/g8rBAVGD). 📗 After the course, attendants should be able to answer the following questions: ✔ Why should central banks care about the health and integrity of nature? ✔ How might issues like species & habitat loss and ecosystem degradation impact the economy, the financial system and financial institutions? ✔ What are the steps that central banks could take to begin understanding nature-related financial risks in their jurisdictions? 📆 The webinars [10 June 12:00-14:00 CEST and 12 June 12:00-14:00 CEST] will cover existing approaches and tools to assess nature-related financial risks, illustrated with examples of relevant work done in this space, beginning from the conduct of an exposure/risk analysis exercise. In the final webinar, you will get to learn more on the potential tools that go beyond exposure analysis and find out ‘what’s next’. 📢 Access to the third webinar here: https://lnkd.in/ehyZgCCU 📢 Access to the fourth webinar here: https://lnkd.in/enaJY88C

Risk-Based Capital was the April phrase of the month. Learn more about RBC activity and other NAIC-related issues that occurred last month: https://bit.ly/4ar0Flt

Explore core and additional Financial Soundness Indicators (FSIs) for deposit-takers and discover their crucial role in macroprudential analysis. 👉 Watch our newest playlist here: https://lnkd.in/egJQdzRq   #LearningAndDevelopment IMF Capacity Development

Great to finally see this paper out and available to a broader audience. Stay tuned for some exciting applications of this #innovative methodology coming up shortly! #risk #macroeconomics #finance #centralbanking #economics #research #econometrics