Risk Management Solutions

Identifying financially material risks associated with your transition pathway, and its impact on financial reporting.

Research Icon

Risk Management Solutions

We are aware that resilience against climate-related risks is key to a business’ continued success and survival. Drawing upon the framework of Taskforce for Climate-related Disclosures (TCFD), we focus on defining the level of financial risk to an organisation through the financial statements based upon the ‘likely’ sector impacts for your transition pathway.

Track carbon’s analysts will use your data, and our in-house models to determine which variables are most significant in your sector as policy frameworks, legislation, technology and markets evolve to accommodate the planned transition pathway for net zero emissions in the UK. We then review IFRS accounting standards to understand how these might require your business to comply with essential accounting and disclosure practices. Track Carbon consults the most recent recommendations of the IFRS Foundation, IASB and CDSB to determine the accounting treatment given to climate risks under the existing IFRS Accounting standards. This is then incorporated into your financial statements via automatically generated accounting entries by our emissions management tool.

Increasingly requested by lenders, insurers and investors are climate-related financial disclosures around the risks and opportunities that can result from an increasingly warmer climate. It is therefore imperative that a business considers some future impact of regulatory, market, and technology risks on their operations and assets.

Supported by: