Climate change

Climate change remains a top issue for global business leaders in the C suite, according to a report by Deloitte.

Unlike the U.S., where the federal government can offer tax breaks, EU taxation rests with member states, leaving the bloc to work largely through loans and grants.

The International Accounting Standards Board published a consultation document with eight proposed illustrative examples to show how companies could apply International Financial Reporting Standards when reporting the effects of climate-related and other types of uncertainties in their financial statements.

The majority of large public companies are now reporting environmental, social and governance information, while turning to auditing firms and other providers for assurance to vet the data.

The Biden administration unveiled a framework that includes principles to help ensure the trading regimes deliver real emissions reductions.

It's logical that accounting and finance will be essential to complying with Europe's new ESG reporting requirements.

Reliable data is the foundation of effective climate-related disclosures, and audit and tax professionals' experience is essential in supporting this data's integrity.

The SEC's guidance is a part of a much broader movement as the U.S. strives to catch up with Europe.

It's crucial to understand the impact businesses have on the environment — and accounting for carbon emissions is a fundamental step.

Deloitte auditors have been turning their attention to climate risks affecting clients who need to deal with a growing array of regulations and laws.