The world is already in transition to a low-carbon economy, driven by climate change and technical development. This transition presents a set of risks and opportunities which business must evaluate and address. The recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), which are gaining traction globally, provide a framework for this.

Dave Collins elaborates on this in the August edition of Accountancy South Africa – the magazine and website of the South African Institute of Chartered Accountants.