More CPA decision-makers are pessimistic about the state of the US and global economies, according to the quarterly Business and Industry Economic Outlook Survey.
Many of the tests do not capture 'second round' effects, or impact on banks of climate change hitting the wider economy, the Financial Stability Board found.
The International Federation of Accountants released “Getting to Net Zero,” a global review of corporate disclosures on emissions targets, analysing the disclosure trends and transition plans of the 40 largest exchange-listed companies in 15 jurisdictions, at the beginning of COP27.
The road map launched at the COP27 climate summit in Egypt involves 14 food companies ending deforestation in their supply chains to limit global warming to 1.5 degrees Celsius.
The regulator says that in times of economic uncertainty, companies should continually assess evolving risks and ensure those risks are clearly explained.
Office leasing volume rose 27.6%, the strongest quarterly gain since the end of 2019, but remained below the quarterly average in the five years through 2019.
Finance teams can consider steps such as hedging, fixed-price contracts, and revising production schedules to counter energy price shocks and disruption.
