Climate Risk Financial Reporting: Navigating Climate-related Financial Disclosures

Introduction:

Climate change presents significant financial risks and opportunities for organizations. This comprehensive training course on Climate Risk Financial Reporting equips participants with the specialized knowledge and skills to understand the financial implications of climate change and navigate evolving reporting requirements. Participants will learn how to assess climate-related risks, integrate them into financial reporting, and comply with frameworks like the Task Force on Climate-related Financial Disclosures (TCFD). This course bridges the gap between climate science and financial reporting, empowering professionals to drive transparency and resilience in the face of climate change.

Target Audience:

This course is designed for professionals involved in financial reporting, risk management, and sustainability, including:

• Financial Analysts
• Accountants
• Risk Managers
• Sustainability Managers
• Corporate Reporting Professionals
• Investors
• Anyone involved in climate-related financial disclosures

Course Objectives:

Upon completion of this Climate Risk Financial Reporting training course, participants will be able to:

• Understand the financial implications of climate change (physical and transition risks).
• Navigate climate-related financial reporting requirements (e.g., TCFD, ISSB).
• Assess climate-related risks and opportunities for their organizations.
• Integrate climate risks into financial models and scenario analysis.
• Develop climate-related financial disclosures that meet regulatory expectations.
• Understand the role of climate risk in investment decisions.
• Analyze climate-related data and metrics.
• Communicate climate-related financial information effectively.
• Contribute to a more transparent and resilient financial system.
• Enhance their understanding of climate science and its financial impacts.
• Become a more valuable and sought-after climate risk reporting professional.
• Understand how to use climate risk assessment tools and software.
• Learn about scenario planning and its application in climate risk assessment.
• Understand the link between climate risk and financial stability.

DURATION

5 Days

COURSE CONTENT

Module 1: Introduction to Climate Change and Financial Risk

• Understanding the science of climate change and its implications.
• Distinguishing between physical and transition risks.
• The growing importance of climate-related financial disclosures.
• Overview of key stakeholders and their expectations.
• Introduction to the evolving regulatory landscape.

Module 2: Climate-Related Financial Risks and Opportunities

• Deep dive into physical risks (e.g., extreme weather events, sea-level rise).
• Analysis of transition risks (e.g., policy changes, technological shifts).
• Identifying climate-related opportunities (e.g., green technologies, sustainable investments).
• Assessing the materiality of climate risks for different sectors.
• Understanding the concept of stranded assets.

Module 3: The Task Force on Climate-related Financial Disclosures (TCFD)

• Detailed overview of the TCFD recommendations.
• Understanding the four core elements: governance, strategy, risk management, and metrics and targets.
• Applying the TCFD framework to different organizational contexts.
• Analyzing best practices in TCFD implementation.

Module 4: Climate Risk Assessment and Scenario Analysis

• Developing methodologies for assessing climate-related risks.
• Utilizing scenario analysis to explore potential climate futures.
• Understanding the role of climate models and data.
• Integrating climate risk into existing risk management frameworks.
• Quantifying the financial impacts of climate risks.

Module 5: Climate-Related Financial Metrics and Targets

• Identifying relevant climate-related metrics and KPIs.
• Understanding different emissions scopes (Scope 1, 2, and 3).
• Setting science-based targets and tracking progress.
• Analyzing the role of carbon pricing and other market mechanisms.
• Data collection and management for climate-related metrics.

Module 6: Integrating Climate Risk into Financial Reporting

• Aligning climate-related disclosures with existing financial reporting standards.
• Understanding the implications for financial statements (e.g., asset valuations, impairment).
• Developing strategies for communicating climate-related financial information.
• Analyzing the role of assurance and verification.

Module 7: Regulatory Developments and Emerging Standards

• Overview of global and regional regulatory initiatives (e.g., ISSB, EU Taxonomy).
• Analyzing the impact of regulatory changes on financial reporting.
• Understanding the evolving expectations of investors and other stakeholders.
• Exploring the role of standard-setting bodies.

Module 8: Climate Risk and Investment Decisions

• Understanding how investors are incorporating climate risk into their decision-making.
• Analyzing the growth of sustainable finance and green investments.
• Assessing the role of climate risk in portfolio management.
• Understanding the concept of climate-related financial stability.

Module 9: Implementation and Communication Strategies

• Developing an implementation plan for climate-related financial reporting.
• Engaging stakeholders and building internal capacity.
• Communicating climate-related information effectively to different audiences.
• Addressing challenges and overcoming barriers to implementation.
• The future of climate risk financial reporting.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 5 working days before commencement of the training.