The impact of climate change is affecting all industries whether that be on the products they offer, the risks they need to manage or the ability to keep up with the reporting demanded of them from regulators or wider stakeholder groups.
The reporting requirement in this area has significantly increased for certain entities in recent times and we only expect that to increase in the future, impacting a larger cohort of entities. Non-bank lenders need to understand the disclosure requirements within the financial statements (such as how to account for product features such as loan climate incentives, and the incorporation of the impact of climate risks in impairment assessments) as well as increased reporting such as TCFD reports, SECR, and viability statements. Stakeholders are expecting the information in these areas to be prepared with the same rigour and confidence as other areas of corporate reporting increasing the risks relating to “green washing” and issuing inaccurate information.
Our corporate reporting and ESG experts are on hand to help guide you through these complex issues and requirements.
