International requirements for enterprise reporting on climate impact
Keywords:information, climate, reporting, integrated reporting, legal regulation, structure, IFRS S2.
Introduction. In the 21st century humanity faced challenges related to its survival: pandemic, wars, global climate change. Therefore, for business entities, there are important issues regarding the development of legal regulations in the field of disclosure of information related to climate change in the reporting of business entities.
Problem. There is currently no mandatory requirement to disclose information about the impact of the enterprise on the climate in the reporting of both domestic and foreign economic entities, therefore the adoption of the draft IFRS S2 «Disclosure of information related to the climate» requires a wide discussion among practitioners and scientists.
The aim of the study is to highlight the content, structure, and main components of the IFRS S2 project «Disclosure of climate-related information» taking into account domestic and international experience in the conditions of global climate change.
Methods. During the research, the following methods were used: theoretical generalization and grouping; graphic method; systematization; logical generalization of the results.
Results. The structure and content of the draft IFRS S2 «Disclosure of climate-related information» is highlighted, as well as information on taking immediate measures to combat climate change in the integrated reporting of Ukrainian and foreign enterprises is displayed.
Conclusions. The adoption and application of the draft IFRS S2 «Disclosure of climate-related information» will make it possible to reflect in the reporting information on the impact of business entities on climate change in the world, which will be organized according to the appropriate structure, which will ensure transparency, completeness, as well as its comparability between different business entities.
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