Climate Risk & Financial Reporting

Most organisations now have a climate risk register, some scenario analysis and a set of climate-related disclosures. The harder question is what happens next. A climate-related risk should not stay isolated inside the sustainability report if it could affect asset values, costs, cash flows, investment decisions or any other assumption finance relies on.

For accountants and auditors, the challenge is recognising when a physical or transition risk becomes relevant to financial reporting, and keeping the assumptions used across the organisation consistent.

This masterclass provides a structured walkthrough from climate risk identification, through business impact, to financial statement consideration — including the assumptions and judgements finance teams should be examining.

What You Will Learn

Part (a): Understanding Climate Risk Through a Finance Lens — 50 minutes

• Physical versus transition risk
• Acute and chronic physical risks
• Regulation, technology and market transition risks
• Exposure, vulnerability and financial consequence
• Time horizons
• Risk registers versus financial analysis

Part (b): Translating Climate Risk Into Business and Financial Effects — 50 minutes

• Revenue impacts and operating costs
• Supply-chain disruption
• Capital expenditure
• Asset availability and productivity
• Insurance and financing
• Scenario assumptions
• Adaptation and mitigation actions

Part (c): Climate Risk and the Financial Statements — 50 minutes

• Impairment indicators and cash-flow assumptions
• Useful economic lives and residual values
• Provisions and contingent liabilities
• Going concern
• Expected future expenditure
• Accounting estimates and uncertainty
• Consistency between climate disclosures and the financial statements
• Auditor challenge and documentation

Closing Discussion and Q&A — 30 minutes

By the End of This Session

Participants will be able to:

• Distinguish different types of climate-related financial risk
• Translate climate risks into potential business impacts
• Identify the accounting assumptions that may be affected
• Challenge inconsistencies between risk reporting and the financial statements
• Improve documentation of climate-related judgements
• Ask more focused questions during audit, reporting and risk discussions

Why This Course Helps Your Career

Climate-related information now sits across risk management, reporting, finance and audit. Professionals who can connect climate risks to assumptions, cash flows and the financial statements deliver significantly more value than those who can only describe the framework. This course develops that financial connectivity.

Further Information

• Delivery Method: Live Online
• Duration: 3 hours
• Certificate: Professional Certification
• Presented by: Jose Hopkins ACA
• Partner: Sustainability by Jose
• Category: Sustainability Services
• Type: Masterclass
• Price: €250 introductory (first cohort) · €361.20 standard value
• Next Class: 6 November 2026
• Keywords: climate risk, financial reporting, IFRS, impairment, going concern, risk management