Audit and assurance

In partnership with Accounting for Sustainability (A4S), Chapter Zero recently held the third session of its series of roundtables for Audit Committee chairs and members to explore the emerging requirements for audit committees in effectively driving action on climate and nature from the boardroom.

Chapter Zero recently organised a series of two roundtables for Audit Committee Chairs and members in partnership with Accounting for Sustainability (A4S) to explore forward planning, effective communication, and an understanding of emerging requirements for Audit Committees to drive climate action on boards.  With expert input from A4S, the second session focused on transition planning and the changing sustainability reporting landscape. These are two topics that are critical for Audit Committees to keep ahead of, and you can find the key takeaways from the second session below.

In 2023, Chapter Zero organised a series of two roundtables for Audit Committee Chairs and members in partnership with Accounting for Sustainability (A4S) to explore forward planning, effective communication, and an understanding of emerging requirements for Audit Committees to drive climate action on boards.  With expert input from A4S, the first session focused on external reporting requirements and internal audit and assurance controls. These are two key topics that continue to evolve and are critical for Audit Committees to keep ahead of, and you can find the key session takeaways below.

The Route to Net Zero Standard goal is to help organisations like Siemens to measure and manage their emissions, inform carbon reduction strategies, and create climate targets fit for the future. Through this third-party verification and gap analysis, Siemens plc became one of the first companies accredited with this Standard. Read the case study.

This article from Bloomberg, written on 24 July 2024, addresses a frequent critique of carbon accounting: Scope 3 emissions, those that arise from a company’s customers and supply chains, are essentially double-counted.

A briefing from Rethinking Capital and the Centre for Climate Engagement on applying normative accounting for intangibles in net zero transition decision governance and reporting.

This 2024 article from the International Accounting Standards Board, written 31 July 2024, proposes examples of improved reporting of climate-related and other uncertainties in financial statements.