The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with the UK’s Met Office to build climate science knowledge among accountancy professionals.
The initiative will give finance professionals access to climate intelligence from the national weather service.
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It is intended to support their assessment of climate-related financial risks and opportunities.
The organisations said the resources will also support climate risk assessment, resilience planning, and business decision-making.
The partnership will cover financial reporting and sustainability disclosures linked to climate risks and opportunities. It will also address the audit and assurance of such information.
ICAEW will contribute its expertise in accountancy, finance, and business leadership, while the Met Office will provide climate science knowledge.
ICAEW chief executive Alan Vallance said: “This partnership reflects ICAEW’s ambitions to lead conversations on the issues that matter to the profession and business, and to strengthen the expertise and capabilities of our members and students for future success.
“Boosting understanding of climate and sustainability intelligence to improve financial decision making is integral to both ambitions and to advancing the transition to resilient, competitive economies.
“Working with the Met Office reflects our commitment to helping our members and the wider profession understand climate science and apply it to business decision-making.”
Learning and development materials will be launched in 2027.
They will draw on Met Office research and data used in international climate assessments, including Intergovernmental Panel on Climate Change reports, as well as the UK’s latest climate risk assessment.
Met Office Principal Fellow and lead on climate services Jason Lowe said: “By providing authoritative climate data, projections and scientific expertise, the Met Office will support ICAEW in translating this intelligence and thought leadership into professional practice.
“Understanding the changing climate and the application of the science for the finance and accountancy profession will empower the industry to better assess climate risks, improve high-quality sustainability reporting and realise the opportunities from climate action.”
