Open AccessThe Strategy for Harmonizing Financial and Non-financial Reporting on Climate Risk Disclosures. Part 2
Author(s) -
Olga V. Efimova,
О. В. Рожнова
Publication year - 2020
Publication title -
učët. analiz. audit/učët, analiz, audit
Language(s) - English
Resource type - Journals
eISSN - 2619-130X
pISSN - 2408-9303
DOI - 10.26794/2408-9303-2020-7-4-6-17
Subject(s) - business , accounting management , harmonization , accounting , finance , relevance (law) , financial analysis , accounting information system , political science , physics , acoustics , law
The article is devoted to the harmonization of financial and non-financial reporting of the organization and the development of a strategy in the field of climate risks. In the first part of the article the main attention is paid to the analysis of the impact of these risks on the indicators of financial statements, the requirements for the disclosure of information, the relevance of reflecting the impact of climate change on the business, financial performance and the strategy. The second part formulates the recommendations for developing a strategy of harmonizing financial and non-financial reporting in the field of climate risks and for preparing disclosures regarding the interdependence of climate change impact and the company’s activities. The study is intended for government agencies of the Russian Federation, professional international organizations involved in the development of financial and non-financial reporting standards, interested users, as well as economic entities that develop internal accounting and reporting standards.