Get ready. Climate-related financial reporting is coming, and it is like no other financial reporting requirement before. It can be challenging to understand and implement. However, if approached in the right way, climate-related financial reporting can be both easy and valuable.

To get started, don’t treat the requirements as a chore, only to check the compliance box. Instead, lean into the reporting framework to find the value. The reporting framework drives good governance, strategic thinking, risk management and operations. If a commitment is made to get value from the climate-related financial reporting exercise, it can be rewarding for leaders and staff. Market and operational opportunities may surface that otherwise would have been missed.

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