| Information | In this session we will discuss climate change and other emerging risks demonstrating how these are addressed by existing requirements within IFRS Standards, even though such risks are not explicitly referenced.
Climate change is a topic in which investors and other IFRS stakeholders are increasingly interested because of its potential effect on companies business models, cash flows, financial position and financial performance.
Most industries have been, or are likely to be, affected by climate change and efforts to manage its impact, although some companies, industries and activities will be affected more than others. IFRS Standards do not refer explicitly to climate-related matters. However, companies must consider climate-related matters in applying IFRS Standards when the effect of those matters is material in the context of the financial statements taken as a whole.
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