Clear, transparent and connected disclosures about the impact of climate-related matters on impairment testing are key to meeting the expectations of users of the financial statements. In evaluating whether disclosures on climate-related matters are appropriate, a company considers the relevance of the information to the users of its financial statements. For impairment, users want to understand whether and how climate-related matters are reflected in the calculation of the recoverable amount.
IFRS® Accounting Standards do not refer explicitly to climate-related matters, but they implicitly require relevant disclosures in the financial statements when climate-related matters that have been considered in preparing the financial statements are material. Therefore, companies need to consider materiality carefully when deciding what information to provide.
To meet users’ expectations, companies need to consider the specific disclosure requirements in individual standards (e.g. IAS 36 Im
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