What you'll learn:
- Define climate scenario analysis
- Explain the requirements from international and regional organisations
- Identify key drivers of climate change and what the international agreements' temperature scenarios are
- Understand Representative Concentration pathways and Shared Socioeconomic pathways
- Build an implementation plan
- Use a standard scenario template
- Explain the latest International Financial Reporting Standards IFRS S1 and IFRS S2
If you would like to increase your knowledge of climate scenario analysis with reference to the requirements and best practices from organizations and regulators around the world with some case studies from the energy and finance sectors.
I will also show you how to implement these requirements by taking you through a typical three-month work plan to implement a climate scenario analysis framework. This will start by preparing a board-level paper for approval, then choosing the right climate models and corresponding scenarios and data, through to conducting workshops with the businesses and functions. Finally, I will show you how to present the results of the work to the board meeting and then implement the process into the regular strategic planning cycle and climate risk management process.
In the final part of this training course, I provide an overview of the key elements of the International Financial Reporting Standards, IFRS S1 on sustainability-related disclosures, and IFRS S2 on climate-related disclosures. Although the ISSB has granted at least one-year relief to companies on sustainability disclosures under S1, not for S2, on climate-related reporting that is seen as more urgent. So, this standard must be complied with from 1st January 2014. That is why I have called this training course target 2024.
This is the right course for you if you are new to climate scenario analysis and want to learn what it is, including best practices, and how to implement them in accordance with the reporting standards across various jurisdictions.
