by Carol A Adams The Chair of the British Government’s cross-party Environmental Audit Committee (EAC), Mary Creagh, has written to the Trustees of the country’s top 25 pension funds asking some probing questions about climate change risks, reporting of such risks and policy interventions on climate risk reporting. This is an important, if belated, development […]
Pension funds and Defined Contribution members called to action on climate change
Posted on March 6, 2018 · Leave a Comment
Bringing to life the value creation process in corporate reporting
Posted on February 28, 2018 · Leave a Comment
by Kerry Hicks, Senior Policy Advisor, Australian Institute of Company Directors The reporting process should be seen as an investment which can bring huge rewards, says Dr Carol Adams. This interview with Carol Adams was first published by the Australian Institute of Company Directors here Dr Carol Adams is an author, consultant and Non-Executive Director […]
How accounting and reporting can grow sustainable finance
Posted on February 11, 2018 · Leave a Comment
by Carol A Adams How can the financial sector support a more sustainable and inclusive economic system which is low carbon and resource efficient? This question was tackled by a European Union (EU) ‘High Level Group of Experts’ in a report published last month. It notes the increasing relevance of sustainability information for investors and […]
UK Financial Reporting Council consults on non-financial reporting
Posted on October 22, 2017 · Leave a Comment
by Carol A Adams The UK’s Financial Reporting Council (FRC) has responded to the incorporation of the EU Directive on non-financial information into the UK Companies Act by amending its guidance on the Strategic Report. UK companies with more than 500 employees are required by law to prepare a Strategic Report and now, across the […]
Narrative reporting for financial reports – risk and governance
Posted on July 5, 2017 · Leave a Comment
This second post on narrative reporting for financial reports, focuses on contemporary discussions on: Risk reporting (market, credit, liquidity and estimation risks) Governance reporting Environmental, Social and Governance (ESG) Risk Reporting It briefly sets out where narrative disclosures could be improved – and why they should be. Risk reporting (market, credit, liquidity and estimation risks) […]
Contemporary issues in narrative reporting for financial reports – the business model
Posted on July 4, 2017 · 2 Comments
by Carol A Adams There are some interesting contemporary debates in narrative or non-financial reporting. As ICAS notes that the term non-financial reporting refers to information which is included in those parts of corporate reports outside the financial statements. But much of that information does in fact have the potential to have a financial impact […]
Conceptualising the contemporary corporate value creation process
Posted on May 5, 2017 · 2 Comments
By Carol A. Adams The purpose of this paper is to examine and explain the complex interrelationships which influence the ability of firms to create value for their providers of finance and other stakeholders (loosely referred to in practice as “integrated thinking”). In doing so it examines the interrelationships between: environmental, social and governance (ESG) […]
The TCFD recommendations: a missed opportunity for harmonisation?
Posted on January 29, 2017 · 2 Comments
by Carol A Adams The Task Force on Climate-related Financial Disclosures (hereafter Task Force) was established by the Financial Stability Board (FSB), an international body that monitors the global financial system. Chaired by Michael Bloomberg the UN Secretary-General’s Special Envoy for Cities and Climate Change, it published recommendations in December 2016. The purpose of the […]
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