Frequently Asked Questions

What climate disclosure standards are countries using or adopting? Has TCFD been replaced by IFRS S1 and IFRS S2? How quickly can ClimateTracker update when climate standards change? How is Climate Disclosure different from Carbon Accounting? I am an advisory firm, how can ClimateTracker help my clients?

Has TCFD been replaced by IFRS S1 and IFRS S2?

Yes. TCFD disbanded towards the end of 2023 and was handed over to IFRS, who released the IFRS S1 and S2 standards. This now supersedes TCFD. See

How is Climate Disclosure different from Carbon Accounting?

Climate Disclosures are different from Carbon Accounting.  Carbon accounting is an important metric but only a fraction of the information needed to complete a comprehensive Climate Disclosure.

The ClimateTracker toolset has been designed to exclusively focus on meeting  Climate Disclosure regulatory requirements which encompasses a much greater scope of climate  information (approximately 90% more information needed to complete a climate disclosure than carbon accounting.)

ClimateTracker can be used stand alone for carbon accounting or can work in unison with carbon accounting tools to provide comprehensive emissions data for disclosures.

How quickly can ClimateTracker update the climate standards when the government changes them?

ClimateTracker has patent-pending technology that is designed to quickly update and support standards as they change – which is crucial as climate standards change frequently, and with regional variations. ClimateTrackers immense advantage is that our advanced technology allows us to quickly get organisations up to date with regulatory compliance as local and international standards continue to evolve in response to our changing climate, and increased demand for higher quality climate data. Updates are included in the subscription fee.

What climate disclosure standards are countries using or adopting?

Australia will adopt IFRS S1 and S2, with some variations.

Canada will adopt IFRS S1 and IFRS S2, with some variations.

The EU reports climate disclosures under the ESRS standard, and is currently consulting on alignment with IFRS S1 and IFRS S2.

Hong Kong will adopt IFRS S1 and IFRS S2 by 2025.

Japan will adopt standards consistent with IFRS S1 and IFRS S2.

Malaysia will adopt IFRS S1 and IFRS S2 in December 2025.

New Zealand / Aotearoa is the first country in the world to adopt mandatory climate disclosures using NZ CS 1-3 and have indicated they will review aligning with IFRS S1 and IFRS S2 in 2025.

Singapore will adopt IFRS S1 and IFRS S2 in 2025.

The United Kingdom is consulting on development of two Sustainability Disclosure Standards (UK SDS), based on IFRS S1 and IFRS S2.

The United States will adopt a disclosure regime with many elements from IFRS S1 and IFRS S2.

I am a private wealth firm - how does ClimateTracker work with companies managing investment portfolios?

Private wealth firms are facing more pressure from investors, rating agencies, and increasingly Governments, to produce Climate Disclosures.

ClimateTracker helps organisations collate, analyse and report climate disclosure data to investors and other stakeholders.

Currently the financial services sector is struggling to measure and report Scope 3 emissions. This is complex due to distributed and fractional ownership chains, and regulators are adopting a liberal ‘best effort’ regime while the industry evolves how it will measure and report Scope 3.

Because ClimateTracker supports the regulated disclosure standards, Private Wealth organisations can also begin collating data in alignment with these standards, allowing for sectoral comparison, and inclusion in ESG ratings, and prepare for inevitable inclusion as reporting entities.

I would like to audit my climate disclosure - how does ClimateTracker help me?

Audit is a very important component of ClimateTracker. Auditing is supported via full transparency of all disclosure and change data in a dedicated Portal designed specifically for auditors and legal, tracking and logging of all disclosure changes, and collaboration tools for commenting against each disclosure element.

I am an advisory firm in the sustainability space, how can ClimateTracker help my clients?

Sustainability consultancies face an ever-increasing burden keeping up to date with changing climate standards, as well as customer need for clear, simple sharing of secure, machine-readable information that stays with the customer between engagements.

ClimateTracker provides sustainability consultancies with the standards-compliance data framework and tools to help customers on their climate journey, comply with changing regulatory reporting requirements, and secure and manage their own data.

Why does ClimateTracker have tiers for different companies when only large companies have to disclose?

ClimateTracker believes that climate reporting is a crucial part of doing business in the 21st century. ClimateTracker is designed for very large companies as its origins were in enterprise banking technology, but it can also help companies of all sizes have a robust and affordable tool to report their climate disclosure.

In addition, it’s becoming more important for exporters and companies requiring sustainability capital, to have robust climate reporting.

I don’t have a carbon accounting tool, how will ClimateTracker work?

ClimateTracker can capture emission data and factors, and then analyse it as part of the disclosure. ClimateTracker also integrates to any carbon accounting tools.

I don’t want want to show my climate disclosure information publicly - can I keep it private?

ClimateTracker gives organisations complete control over their climate information. Organisations can choose who sees what information, or keep all their information completely private.

I'm an Engineering firm that provides CCRA services. How can ClimateTracker help?

ClimateTracker allows organisations to work with customers to capture risk data from Climate Change Risk Assessments in a format required for a Disclosure. It also allows organisations to extend these assessments and offer services building out climate-related opportunity and impacts for customers, and help them with scenario analyses.

ClimateTracker can also provide a procurement framework to clarify the role and accountabilities of different parties in helping customers build their disclosure.

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