Accounting for Climate - How Climate Matters Affect Financial Reporting

Introduction

As the ISSB standards begin reshaping global expectations, learning how climate risks affect financial reporting is becoming essential.

With the release of the ISSB standards and increased FRC expectations, finance teams now face growing responsibilities to understand, manage, and engage with climate and nature-related data. This makes your awareness and technical understanding of these topics increasingly critical.

This new virtual classroom seminar will focus on the effects of climate-related matters on financial statements, including how they influence core accounting judgments and disclosure requirements under both FRS 102 and IFRS.

To support practical learning, expert speaker Jose Hopkins will walk you through illustrative case studies, showing how climate change impacts financial reporting under IFRS, and then compare these with the equivalent FRS 102 treatment.

This session is in line with FRS 102 Climate Matters Factsheet 8 (released in March 2025) requirements and aligned with the IFRS publication ‘Effects of Climate-Related Matters on Financial Statements’, ensuring relevance across both accounting frameworks.

Finally, this session will enable you to assess your ISSB readiness, understand how double materiality is influencing accounting decisions, and see how leading businesses are already reflecting climate and nature risks in their financial statements and audit processes.

What You Will Learn

This live and interactive session will cover the following:

• Key changes introduced in the FRC’s Fact Sheet 8 - Climate-related Matters (FRS 102 update, March 2025) and alignment with IFRS guidance
• Climate-related risks and their impact on financial statements under both FRS 102 and IFRS, including impairment, provisions, useful lives, and going concern
• How to assess and report on material climate risks, including the role of double materiality in financial reporting
• What ISSB readiness means for finance teams and how to prepare for integrated climate and nature data responsibilities
• Best practices and real-world case studies comparing IFRS and FRS 102 treatments of climate-related financial impacts

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.