CCRcorp Sites  

The CCRcorp Network unlocks access to a world of insights, research, guides and information in a range of specialty areas.

Our Sites


A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.


An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.


The “one stop” resource for information about responsible executive compensation practices & disclosure.

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.


Keeping you in-the-know on environmental, social and governance developments

Here’s some fascinating news from Responsible Investor – the International Accounting Standards Board (IASB) is developing illustrative examples of climate-related financial information that should be included in company disclosures and accounting. This action is the result of an IASB project that launched March 2023. In IASB’s announcement of that project, they pointed out that in their initial outreach on the question of whether/how to consider climate-related matters in financial statements, 

“Respondents to that consultation told us:

  • climate-related risks are often perceived as remote, long-term risks and may not be appropriately considered in the financial statements; and
  • investors need better qualitative and quantitative information about the effect of climate-related risks on the carrying amounts of assets and liabilities reported in the financial statements.

For example, some stakeholders have asked:

  • why companies that are expected to be affected by climate-related risks do not provide information about these effects in their financial statements;
  • why companies that have made net zero commitments do not recognise liabilities or impair the value of their assets as a result of those commitments; and
  • how companies should factor long-term uncertainties into the measurement of amounts in the financial statements.” 

According to the article,

“the IASB will develop eight examples in total to address three areas of decision-making when putting together financial reports. The first relates to how companies decide what is material enough for inclusion in their financial statements. The second addresses how climate- related assumptions affect the valuation of assets and liabilities, and the third covers whether companies should provide additional detail and disaggregate information based on their exposure to climate risks.”

IASB is not planning to make changes to accounting standards as the organization believes the existing standards are robust enough to compel disclosure of climate-related financial risks. IFRS/IASB accounting and disclosure standards are not determinative in the US (the US uses Generally Accepted Accounting Principles, or GAAP, under the US Financial Accounting Standards Board, or FASB). However, US companies may find IASB’s examples instructive once they are published.

If you aren’t already subscribed to our complimentary ESG blog, sign up here: for daily updates delivered right to you.

Back to all blogs

The Editor

Lawrence Heim has been practicing in the field of ESG management for almost 40 years. He began his career as a legal assistant in the Environmental Practice of Vinson & Elkins working for a partner who is nationally recognized and an adjunct professor of environmental law at the University of Texas Law School. He moved into technical environmental consulting with ENSR Consulting & Engineering at the height of environmental regulatory development, working across a range of disciplines. He was one… View Profile