The Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting,
Recalling the mandate of UNCTAD in the Nairobi Maafikiano requesting UNCTAD to promote best practices in corporate transparency and accounting, with regard to both the financial and non-financial performance of enterprises,
Acknowledging the need for a concerted global response, including by entities in the private sector, to limit the negative impact that climate change could have on achieving the Sustainable Development Goals,
Taking note of recent trends in enterprise reporting on climate-related financial issues and of the need for further efforts to overcome the challenges in achieving reliable and consistent reporting in this area,
Reiterating the importance of the recommendations of the Task Force on Climate-related Financial Disclosures established by the Financial Stability Board,
- Expresses its satisfaction with the quality of the background document prepared for the session (TD/B/C.II/ISAR/98); acknowledges the insightful panel discussion during consideration of this item; and commends the valuable contribution made by the UNCTAD secretariat on this topic;
- Requests the UNCTAD secretariat to continue to monitor progress on the implementation of the recommendations of the Task Force on Climate-related Financial Disclosures, with a view to identifying good practices in the practical implementation of the recommendations for further consideration by the Intergovernmental Working Group of Experts in the future, geared towards supporting developing countries in implementing recommendations developed at the global level.
