Forest Declaration Assessment’s Post

🌍𝗜𝗿𝗲𝗹𝗮𝗻𝗱 𝗮𝘁 𝗮 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗖𝗿𝗼𝘀𝘀𝗿𝗼𝗮𝗱𝘀🌍 A new study from the Potsdam Institute reveals that the 𝐀𝐭𝐥𝐚𝐧𝐭𝐢𝐜 𝐌𝐞𝐫𝐢𝐝𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐭𝐮𝐫𝐧𝐢𝐧𝐠 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧 (AMOC) might collapse sooner than we thought. If AMOC shuts down, 𝐈𝐫𝐞𝐥𝐚𝐧𝐝 could face drastic cooling, even as global temperatures rise. This shift could dramatically alter our climate, impacting our environment, agriculture, and way of life. As climate professionals, we must act swiftly to understand and mitigate these risks. Now is the time for action and collaboration! 𝐑𝐞𝐚𝐝 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐢𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐰𝐡𝐚𝐭 𝐰𝐞 𝐜𝐚𝐧 𝐝𝐨: The Irish Times https://lnkd.in/ee7rnn7p. KPMG Ireland EY FSO Climate Change and Sustainability Services (CCaSS) Deloitte Sustainability PwC Ireland #ClimateAction #Sustainability #ClimateChange #Ireland #EnvironmentalScience #Oceans Credit: Eamon Ryan, thank you for your opinion.

The International Public Sector Accounting Standards Board (IPSASB) published its Climate-related Disclosures draft standards. This ED provides the public sector with the tools to disclose climate-related information. My call to action is for you to read and send your feedback by February 28, 2025. Learn more: https://lnkd.in/eC2k4Rt6

🌍 The International Public Sector Accounting Standards Board (IPSASB) has made a landmark move with the release of its draft Climate-related Disclosures Standard—marking the first sustainability reporting standard for the public sector (IPSASB SRS). Reliable climate information is as essential in the public sector as it is in the private sector. With standardized data, governments worldwide will be equipped to drive climate action with transparency and accountability. 👏 Congratulations to the IPSASB team on this major achievement! 🔗 Learn more about this important step here: https://lnkd.in/eSehPiKG

This draft launched today by the International Public Sector Accounting Standards Board (IPSASB) on Public Sector Climate related disclosures is out for comments. Public sector represents a significant portion of emissions. Establishing a baseline from which reductions can be tracked against will help put climate initiatives into context, with related action plans, keeping in mind that this is a transition process across all sectors.

Today is an important day. After two years of cooperation, the International Public Sector Accounting Standards Board (IPSASB) publishes a draft of climate-related disclosures that builds from IFRS S1 and S2, the inaugural International Sustainability Standards Board (ISSB) Standards. Investors around the world need transparency on transition climate risks and opportunities, and even more acutely and urgently about climate physical risks and opportunities. The effort, the cost, the investments for adapting or not, and if yes rebuilding, reshaping infrastructure, shifting land use, transforming food systems will be borne both by private economy and by the public sector, at municipal, regional and jurisdictional sovereign level. With appropriate information, global capital markets will adjust their price for risk, and rating agencies their appreciation of preparedness of sovereign states as much as for corporates for climate resilience. It will also allow governments to build from capital markets to shape more precisely their climate policies, when relevant, using metrics that are the same for their macro-planning and the micro-economic contribution of corporates on their territory. Today's draft by IPSASB marks an important milestone in building a systemic response to the needs for better information to fund the global transition towards climate resilience.

So, the jury is in. It's the stick not the carrot that really works.   Big business has been calling upon the Australian government for years to bring in more regulation around climate. Until that happens, investment remains short-term. Sustainability is a someday-maybe.   But from next year (exact date still unknown) Mandatory Climate-Related disclosures will be passed as law. This enshrines science-based targets from the Paris Agreement to limit global warming to 1.5° C above pre-industrial levels.   Initially this will 'only' affect Australia's top 200 ASX-listed companies (Group 1). Over time, it will roll out across all large and mid-sized companies.   There's a lot to this, so for now, 3 key things.   1. Once this becomes law, climate disclosures will be at the heart of the Corporations Act. (I learned this yesterday at the #iXsydney2024 conference).   2. Financial disclosure will only become more stringent over time. Watch out laggard companies who haven't yet cranked up their reporting around greenhouse gas emissions or Scope 3. You'll be judged.    3. This has the potential to transform the sustainability profession (for the good). Something that has been an outlier will now have regulation and a framework underpinning it.   In the UK and Europe, this sort of mandatory reporting has been around for a while. There are lots of benefits. These include helping businesses commit to a long-term plan, being better prepared to deal with a rapidly heating world, better risk management practices and a more rapid pathway to decarbonisation. All of this adds up, incrementally, to trying to keep global temperatures below 1.5° C.   For Australian companies who want to stay ahead of their competitors this represents a massive opportunity to stand out from the crowd. To use the data that is collected during the reporting process for good. To become a company known for its purpose rather than its profit.   To get there, we need to share knowledge and collaborate more... and more. The only way we can hit this big planetary goal is to work together.   I'm excited to be collaborating with two business leaders in the UK JANNINE BARRON, a regenerative business mentor and Eleanor Akers, a sustainability strategist.   We're kicking off with our first FREE webinar on May 22, 4-5pm AEDT. 'Mandatory Climate-Related Disclosures: Beyond Obligation to Opportunity' will introduce what this legislation will mean... the landscape... and the transformative potential of integrating sustainability into core business strategies.   Join us! Event details in the comment section.   #collaboration #ClimateChangeIsReal #sustainability  

A new strategic foresight report published by the European Environment Agency (EEA) on July 2 calls for the further alignment of European economic, social, and security policies with the climate and environmental objectives. The 'Europe's Sustainability Transitions Outlook' report highlights the need to take a broader view of priorities, such as security, competitiveness, and fairness. The report asks: "How do we anchor environment and climate priorities with other emerging ones like security, competitiveness and fairness without losing sight of the long-term sustainability objective of 'living well within the limits of our planet'?" The report states: "Failing to do so would put the coherence of EU's strategic agenda at risk, hamper implementation of crucial climate, environment, and sustainability objectives, and reduce Europe's ability to deal with ongoing multiple shocks and crises." It recognizes that Europe's socio-economic systems and the well-being of its citizens depend crucially on a healthy and resilient natural environment, a stable climate, and long-term sustainable use of resources.  #climateadaptation #climateaction #resilience #Europe #sustainability #AdaptationLeader

CDP Unveils International Sustainability Standards Board (ISSB)-Aligned Unified Environmental Disclosure Platform to Accelerate Global Climate Action Emmanuel Faber Sherry Madera Tony Goldner Andrew Buay Xavier Denoly #ClimateAction #Environmental #Climate #SustainabilityDisclosure #ESGReporting #Business #Impact

🌱 We’re breaking new ground today with the launch of the draft of our first sustainability reporting standard for the public sector: Climate-related Disclosures. Climate change affects everyone, transcending borders and economic boundaries. Rapid progress on climate change requires public sector action, and effective action requires the quality information only sustainability reporting standards specific to the sector’s needs can provide. We’re developing Climate-related Disclosures to meet that need. To all of our public sector stakeholders, including preparers of public sector climate-related and other sustainability reports, regional and national sustainability reporting standard setters, professional accountants, sustainability assurance providers, and interested members of the public including indigenous peoples: we need your feedback. ✅Your comments will help shape the final standard which will assist governments and other public sector organizations around the world in being accountable for their actions to address climate change. Learn more: https://lnkd.in/eSehPiKG

Please take time to comment on the new International Public Sector Accounting Standards Board (IPSASB) draft of the Climate-related Disclosure reporting standard for the public sector. I am fortunate enough to be part of the Reference Group alongside some great people. The more feedback we get the more impactful and useful the standard will be! #sustainabilitystandard #climatedisclosure