As the world increasingly focuses on climate change and sustainability, companies face growing demands for nonfinancial reporting, especially concerning environmental, social, and governance (ESG) factors. This course addresses the vital need for finance professionals to understand these emerging requirements. It reviews the latest sustainability reporting frameworks and how they influence the investment and lending decisions of global financial institutions. We will explore how investors are shifting their focus from short-term gains to long-term impacts on the environment and society. The course also delves into the accounting for climate-change risks under U.S. GAAP and IFRS. While these standards don't explicitly cover climate-change risks, they encompass relevant issues. You'll learn how to apply these standards and understand materiality in the context of climate and other emerging risks. This course provides the tools to define climate change, assess its economic impacts, and identify the financial risks associated with it. By understanding the nuances of nonfinancial disclosures and sustainability reporting, you can guide your company through the complexities of ESG issues and ensure compliance with evolving global standards.